New Delhi, Nov. 4 -- The National Cybercrime Threat Analysis Unit (NCTAU) of Indian Cyber Crime Coordination Centre (I4C) and CERT-In, Ministry of Electronics and IT has noticed a trend in cyber-attacks based cyber frauds on Banks, Non-Banking Financial Companies (NBFCs) and FinTech Companies.

"These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine speed compromise. Multi-crore unauthorized transaction through fund disbursement systems and APIs are being found in individual cases," read the advisory from 14C.

The advisory said that Perpetrators exploit unpatched software or mis-configured internet exposed Servers / IT systems to compromise the infrastruct...