India, Nov. 5 -- The Indian Cyber Crime Coordination Centre (I4C) has warned banks, non-banking financial companies (NBFCs) and fintech startups against the growing trend of cyberattackers using AI agents for financial frauds.

In an advisory issued on November 3, the National Cybercrime Threat Analysis Unit (NCTAU), under the I4C, flagged that attackers were exploiting unpatched software and misconfigured internet-facing servers to gain access to financial infrastructure.

The cybersecurity agency also said that it has unearthed multiple "individual" cases, where malicious agentic AI systems were exploiting compromised financial systems to undertake unauthorised transactions running into crores of Rupees.

Describing the modus operandi o...