Cyber Threats Surge in India's Financial Sector - Fintech Si...

Get the hottest Fintech Singapore News once a month in your Inbox Cyber threats have become an immediate and inescapable reality for India's banking, financial services and insurance (BFSI) industry. In 2024, the sector witnessed a surge in the sophistication, scale, and diversity of cyberattacks, with phishing attacks, deepfakes and tech vulnerabilities emerging as key threat vectors and attack techniques, according to a new report by the Indian Computer Emergency Response Team (CERT-In), the Computer Security Incident Response Team in Finance sector (CSIRT-Fin), and SISA, a cybersecurity solutions company from India. In H1 2024, cybersecurity firm Kaspersky recorded more than 135,000 phishing attacks targeting India's financial sector. The number represents a 175% surge compared to the same period the prior year, underscoring the heightened activity within an increasingly volatile t...