AI DRIVEN CYBERATTACKS
AI driven cyberattacks pose growing threat to capital markets, warns NSE's Ashish Chauhan
During the ANMI convention in Mumbai, Ashish Kumar Chauhan stressed the urgent need to address AI-driven cyber risks threatening the financial sector. He urged collaboration among market players to build a strong defense against such advanced threats. Chauhan also highlighted the necessity of regulatory reforms to safeguard market integrity and investor confidence, noting the impressive growth of India's capital markets, which now boast a market capitalization that surpasses banking credit.
Moonshot curbs hacking ability in new Kimi model as fears grow over AI-powered cyberattacks
Beijing-based Moonshot announced the curbs while introducing Kimi K3.1 Pro, which it describes as its most capable 3-trillion-parameter-class open-weight model. The company plans to publish the model's weights - files allowing outside developers to run and modify it on their own systems - by November 4.
RBI alert about AI-driven cyber risks, banks taking steps to plug vulnerabilities: Governor
RBI Governor Sanjay Malhotra highlighted concerns regarding emerging cyber threats from artificial intelligence in banking systems. Measures are being implemented by banks and the RBI to secure IT infrastructure against these risks. The State Bank of India acknowledged potential data exposure, prompting increased vigilance for customer protection. Malhotra expressed confidence in India's robust forex reserves and external sector resilience amid these challenges.
From eMudhra to PHP: Breach spree hits tech infrastructure, AI emerges as threat multiplier
Recent cybersecurity incidents have raised concerns among companies and government agencies regarding digital certificates and critical software vulnerabilities. A security breach at eMudhra impacted its global digital certificate business but was managed promptly. Additionally, critical vulnerabilities in PHP temporarily led to the shutdown of various websites for security updates. A supply-chain attack compromised the LiteLLM Python package, affecting its users significantly.
China eyes curbs on AI, biotech, solar exports
China has unveiled a draft for export controls targeting artificial intelligence and biotechnology technologies, aiming to impose a total ban on 14 specific technologies, notably harmful AI-driven code generation. Additionally, it seeks to limit exports of 26 other techs with potential hacking capabilities, addressing widespread concerns over technological misuse. This proposal is currently available for public feedback for one month.
Palo Alto CEO Nikesh Arora has secured $147 million through share-linked deal
Nikesh Arora, the visionary leader of Palo Alto Networks, successfully secured approximately $147.3 million through an innovative share agreement. This unique arrangement entails a prepaid variable share forward tied to 500,000 shares owned by the Aurora Trust. These shares are set to be settled in October 2029, featuring a concrete price floor and cap.
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Surging bond yields wreak havoc on Dalal Street, but IMF sees more pain ahead. Why AI is one of the culprits
The IMF has flagged three risks to global financial stability: an AI-driven market correction, rising sovereign bond yields and cyberattacks. These threats could trigger broader financial stress, while high borrowing and tight market linkages may amplify their economic impact.
OpenAI and Anthropic fear a major AI crisis in the next 6 to 12 months. Here’s what they’re preparing for
OpenAI and Anthropic are preparing for a potential AI crisis, with industry insiders warning that a major incident could occur within six to 12 months. Possible scenarios include cyberattacks disrupting essential services, raising fears of public backlash, accountability and stricter AI regulations in the United States.
Four horsemen of economic trouble? RBI governor flags the risks spooking the world
The RBI raised the repo rate 25 bps to 5.50%, its first hike in nearly four years, and shifted its stance to calibrated tightening. Governor Sanjay Malhotra flagged four global risks: West Asia tensions and volatile oil prices, tariff uncertainty, elevated bond yields and stretched AI stock valuations. He said these risks are clouding global sentiment despite resilient growth.
Jio IPO SWOT analysis: What the DRHP says about its growth story, moats and risks
Jio Platforms is gearing up for a landmark public offering to secure Rs 37,700 crore in funds, with subscriptions expected to commence on October 21. With an impressive customer base exceeding 524 million, Jio dominates India's wireless data landscape. The company is well-positioned to capitalize on opportunities like the shift from 2G to 4G and expanding enterprise connectivity.
AI cybersecurity startup Armadin valued at over $2.5 billion after new funding round
Armadin, a cutting-edge player in AI-driven cybersecurity solutions, has secured an impressive $255.5 million through a Series B funding round, boosting its valuation to over $2.5 billion. This funding round attracted high-profile investors such as Andreessen Horowitz, Accel, and Bain Capital Ventures, increasing Armadin's total funding to $445 million. The fresh capital will enable the company to amplify its platform and enhance its research and marketing initiatives.
Chipmakers move security deeper into design as AI hardware spreads
Silicon Labs, Tessolve and Netrasemi are strengthening chip security as connected devices carry more data and face growing cyber risks
Anthropic CEO Dario Amodei calls for slower AI progress, warns of 'catastrophic' risks
Anthropic CEO Dario Amodei advocates for a more measured pace in AI development. He warns that rapid progress could outpace our understanding and control of advanced systems. Amodei proposes a three-step framework to manage frontier AI development responsibly. This includes embedded safety evaluators and international coordination on standards.
Largecap safety trade? 8 Nifty stocks test investor patience with losses for two years
Over the past two years, eight Nifty stocks have experienced declines, with notable IT giants like TCS and Infosys pressured by shifts in client spending patterns. Additionally, Tata Motors faced a dip due to difficulties at Jaguar Land Rover, while valuation worries plagued Trent, alongside ITC's tax complications. Nevertheless, a faction of fund managers remains optimistic about large-cap stocks, indicating a mixed outlook for investors.
OpenAI commits $1 billion to cyberdefense effort amid AI safety scrutiny
OpenAI on Thursday, alongside the cybersecurity initiative, also unveiled Astra, a new AI model it described as its most capable yet but said can at times attempt to evade human monitoring.
AI cyber risk is biggest immediate threat to global financial stability: FSB chair Andrew Bailey
Financial Stability Board Chair Andrew Bailey highlighted AI's immediate cyber risk concerns. He warned AI could accelerate cyberattacks, impacting global financial systems. Many nations lack systems to manage advanced AI deployment effectively. Stretched AI company valuations and debt market vulnerabilities also pose risks.
Major tech companies call for defensive surge to defeat AI-driven hacks
It called on governments to expedite trusted access programs, which give certain companies access to more powerful models ahead of the general public, and for all other organizations to "make cyber defense an immediate leadership priority."
As AI agents go rogue, cyber insurers are adapting their policies
Insurers, including MSIG, QBE and Beazley, are reviewing traditional cyber policies and adapting their language to account for emerging risks posed by such systems taking on more autonomous tasks, according to eight executives at major companies, and analysts.
AI security market to hit $4.8 billion in 2027, grow 68.7%: Report
The AI security market is projected to reach nearly $4.8 billion by 2027. This sector is set for rapid growth as enterprises increase investments in AI technology. New vulnerabilities are emerging from AI models and supply-chain attacks, requiring specialised tools. AI application security and usage control are expected to see substantial spending increases.
SilverFox hackers use fake Claude apps to target companies in Asia: Kaspersky
Cybersecurity group SilverFox is exploiting artificial intelligence across Asia Pacific. They distribute fake Claude AI applications for various operating systems. Kaspersky researchers identified SilverFox as a highly active threat group in the region. This group targets manufacturing, IT, healthcare, and finance sectors with sophisticated attacks.
Can AI companies be sued if autonomous agents hack other systems? Here's what legal experts say
OPENAI-HUGGING-FACE-Explainer-Who is liable when AI goes rogue? Lawyers see new risks
US companies face rise in cyber attacks
Companies worldwide are experiencing a rise in AI-driven cyberattacks and ransomware incidents. Fairlife, a Coca-Cola-owned dairy company, recently suspended U.S. production after a system breach. The White House is forming a group to share cybersecurity vulnerability information. Several U.S. companies reported cyber incidents this year, including Nike and Bumble. These attacks involved data theft, system disruptions, and ransom demands.
Public sector modernisation efforts accelerate amid infrastructure challenges: Report
Indian public sector organisations are accelerating AI adoption for improved services. Containerisation and hybrid cloud infrastructure are increasingly used to support AI workloads. However, infrastructure readiness and governance challenges slow widespread AI deployment. Many organisations lack the necessary infrastructure for on-premises AI applications.
AI-enabled cyberattacks biggest near-term threat to financial system: RBI
AI-powered cyberattacks are India's top financial system risk, according to the RBI's latest report. Banks and NBFCs are most concerned about these sophisticated threats, though preparedness is uneven. Rising third-party tech dependence and geopolitical uncertainty also heighten vulnerabilities. While institutions are investing more in cybersecurity, employee awareness and forensic capabilities need strengthening to combat evolving threats.
India's markets regulator sets up task force to tackle AI-driven cyber threats
India's market regulator, SEBI, has issued a new advisory. It warns about emerging AI tools for detecting vulnerabilities. These tools could create new cybersecurity risks for regulated entities. SEBI has formed a task force to study these AI-based models. The task force will assess cyber risks and develop strategies. It will also report cyber incidents to strengthen market cybersecurity.
CERT-In flags 'high-severity risks' from AI-driven cyber threats amid Mythos concerns
CERT-In has issued a high-severity warning about AI-driven cyber threats, noting that new tools make attacks faster, cheaper, and easier. Advanced AI can independently find vulnerabilities and execute complex attacks with minimal human intervention.
Can Anthropic Mythos AI detect hidden financial cyber threats before attacks, and how Wall Street banks test next-gen cybersecurity defense systems today
Anthropic Mythos AI is now reshaping Wall Street cybersecurity at an unprecedented scale. Banks are testing this advanced AI to detect hidden financial cyber threats early. Reports show thousands of zero-day vulnerabilities already uncovered across major systems. This changes how financial institutions approach cyber risk and data protection. Mythos AI scans faster than any human team. It predicts attack paths before hackers act. That gives banks a critical time advantage. But fixing these flaws remains a challenge. Security teams face pressure to respond quickly. This shift signals a new era in AI-driven cybersecurity.
Palo Alto launches AI-driven security offerings to tackle cyberattacks
Palo Alto Networks is enhancing its AI-powered cybersecurity with new Cortex Cloud and Prisma AIRS platforms, integrating Protect AI's technology to secure AI applications. The company is also introducing agentic AI tools for cloud security, emphasizing human oversight in automated responses. These advancements aim to address rising hacking incidents and infrastructure compromises impacting global businesses.
Global financial watchdogs to ramp up monitoring of AI
Banks have been broadly optimistic that AI will make them more productive, but regulators around the world have expressed concerns about its potential impact on financial stability.
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