SecurityMediaNamaabout 1 hour ago
Rs. 300 Cr Lost in AI Cyberattacks on NBFCs
6 min read
AI-powered cyberattacks reportedly siphoned Rs. 300 crore from smaller non-banking financial companies across India over roughly two months, resulting in more than 150 first information reports. Experts believe attackers combined Chinese AI toolkits Artex and CyberStrike with open-source models like DeepSeek and Qwen. While regulators issued advisories, specific loss figures remain undisclosed officially, forcing reliance on media reports for transparency.
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