AI Cyberattacks Surge on BFSI Sector; Phishing Attacks Up 175% in 2024: Report

A recent government report has highlighted the growing concern of AI-driven cyber threats, such as deepfakes and LLM prompt hacking, targeting key sectors in India,

A recent government report has highlighted the growing concern of AI-driven cyber threats, such as deepfakes and LLM prompt hacking, targeting key sectors in India, with a particular focus on the BFSI sector. According to the report, phishing attacks on financial institutions have seen a significant increase of 175% in the first half of 2024. Experts are sounding the alarm on these advanced and frequent attacks, emphasizing the urgent need for innovative countermeasures to safeguard against the ever-evolving threat landscape. The rise in AI-powered cyberattacks poses a serious risk to critical sectors, necessitating proactive measures to bolster cybersecurity defenses. Stay updated with the latest developments in cybersecurity to stay protected against these emerging threats.