AI-Driven Trust-Based Cyberattacks Target Indian Financial Sector

The scams target the trust layer itself: biometric onboarding, digital KYC. India built rails for a billion people, which also makes a billion-person attack surface.

A report by Indian cyber agencies highlights a surge in AI-powered, trust-based cyberattacks on the financial sector. Attackers exploit AI-driven decision systems, biometric onboarding, and digital identities, leading to increased fraud, deepfake impersonations, and business email compromise, significantly impacting financial institutions in India.

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