7 publishers · first seen Wed, 04 Nov 2026 17:16 UTC · updated Thu, 05 Nov 2026 12:34 UTC
CERT-In has warned financial institutions in India about escalating cyberattacks by the AI-assisted threat actor known as Crafty Falcon. The attacks, which are active and ongoing, involve the use of AI-driven offensive security tools to automate attacks and exploit vulnerabilities in financial systems. Targets include banks, non-banking financial companies (NBFCs), fintech firms, and cryptocurrency exchanges. Attackers are leveraging compromised credentials, APIs, and cloud infrastructure to facilitate unauthorized fund transfers. The stolen funds are often moved to 'mule' accounts across different banks and then quickly withdrawn. CERT-In advises financial institutions to strengthen their cybersecurity measures, monitor transactions closely, and report incidents within six hours of detection.
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