NEW DELHI: A govt-initiated report on cyber threats in banking, financial services , and insurance (BFSI) sector has forecast a rise in deepfake and AI-generated content attacks, while warning about growing dangers of attacks on supply chain.
The report says as Large Language Models (LLMs) become increasingly integrated into various applications, there is a growing threat of LLM prompt hacking, where attackers manipulate inputs to these models to induce unintended & potentially harmful behaviours. It has been prepared by national cyber security watchdog CERT-In, CSIRT-Fin & forensics-driven cybersecurity company SISA.
IT secretary S Krishnan said cyberattacks are growing more sophisticated, frequent, and targeted. "A cyberattack on a financial institution can have disastrous results... resulting in exponential losses."
The report said the first half of 2024 saw a 175% surge in phishing attacks on financial sector compared to the same period last year, highlighting the heightened activity within an "increasingly volatile" threat landscape. "By 2025, we expect AI-driven cyber attacks to become one of the most scalable and adaptable threats, challenging traditional defenses and requiring innovative countermeasures," it says. The report says attackers are expected to increasingly leverage deepfakes and AI content as potent tools for intrusion, particularly in social engineering attacks.
The report says as Large Language Models (LLMs) become increasingly integrated into various applications, there is a growing threat of LLM prompt hacking, where attackers manipulate inputs to these models to induce unintended & potentially harmful behaviours. It has been prepared by national cyber security watchdog CERT-In, CSIRT-Fin & forensics-driven cybersecurity company SISA.
IT secretary S Krishnan said cyberattacks are growing more sophisticated, frequent, and targeted. "A cyberattack on a financial institution can have disastrous results... resulting in exponential losses."
The report said the first half of 2024 saw a 175% surge in phishing attacks on financial sector compared to the same period last year, highlighting the heightened activity within an "increasingly volatile" threat landscape. "By 2025, we expect AI-driven cyber attacks to become one of the most scalable and adaptable threats, challenging traditional defenses and requiring innovative countermeasures," it says. The report says attackers are expected to increasingly leverage deepfakes and AI content as potent tools for intrusion, particularly in social engineering attacks.
You may also like
Singer Jon Bon Jovi's restaurant slammed by a New Jersey mayor: '...mentally ill men'
Britain's Got Talent star Amanda Holden's 'very dark time' after Les Dennis marriage breakdown
'Special friendship?': Russian missile hit warehouse of Indian firm, claims Ukraine
Odisha court sentences woman to 20-yr imprisonment for abetting classmate's rape
Eddie Howe taken to hospital and will miss Newcastle's clash with Man Utd
