Sitharaman warns financial sector to stay exceptionally vigilant as AI supercharges cyberattacks

AI tools can make attacks harder to spot

Finance Minister Nirmala Sitharaman urged the financial sector to be exceptionally vigilant on cybersecurity, warning that advanced AI tools are accelerating cyberattacks and making them increasingly difficult to detect. She said defenses must evolve faster than attackers. Sitharaman also called for common KYC norms and a principles-based regulatory approach to support market growth while protecting investors.