India, Nov. 5 -- The Indian Computer Emergency Response Team (Cert-In), which deals with cyber security incidents, has warned banks, non-banking financial companies (NBFCs) and fintech firms about a campaign of AI-driven cyberattacks that has led to unauthorised fund transfers worth crores. In two advisories issued on November 3 and 4, Cert-In and the Indian Cyber Crime Coordination Centre (I4C) flagged attacks in which hackers are using AI agents to break into financial institutions' systems and exploit payment and fund-disbursement platforms to transfer money without authorisation.

The November 3 advisory, issued by I4C's National Cybercrime Threat Analysis Unit (NCTAU) along with Cert-In, said attackers were exploiting unpatched softw...