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AI Flags Decades Old Banking Bugs as Global Wake Up Call for India and US
Technology
Published on 30 April 2026
The vulnerabilities were found fast, but existed for years
NIELIT Director Sheetal Chopra called AI-led discovery of long-standing banking vulnerabilities a “wake-up call” for US banks and for India and the rest of the world. The finding highlights how automation can uncover hidden weaknesses in financial systems, pushing regulators and banks to urgently reassess cybersecurity defenses and patch longstanding gaps before attacks scale.
- NIELIT says AI revealed banking vulnerabilities with long histories
- Chopra calls it a wake-up call for the US, India, and beyond
- Financial institutions must urgently review and patch security gaps
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times