INTELLIGENCE LEAK
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
Anthropic retracts details of $69 billion IPO filing sent to bankers. Why analysts are raising worries over valuations
Anthropic initially shared its IPO filing details but later retracted the information due to inaccuracies. The company aimed to sell approximately 867 million shares priced between $70 and $80 each. A follow-up email clarified that these pricing details were incorrect. Anthropic indicated that an updated filing would be provided later. The company has chosen not to provide further comments regarding the situation.
India flags Chinese-linked AI tools in hacking campaign against financial firms
India's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at least two of them linked to China, adding India to a growing list of countries where
AI turns cyber threat into boardroom crisis
In India, State Bank of India disclosed that 375,000 customer records had been leaked on the dark web, while vulnerabilities in eMudhra’s digital certificate keys exposed websites to potential attacks.
India cybercrime agency warns financial firms on AI attacks
"These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine speed compromise," the Indian Cybercrime Coordination Centre said in an advisory made public on Wednesday.
Cert-In gets Mythos access, being careful with testing: Officials
Government agencies cannot download the AI’s source code or weights for running on their own, completely isolated or ‘air-gapped’ systems. Instead, to use Mythos, they must send their proprietary data, code, or network blueprints over the internet to Anthropic’s cloud servers.
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US intelligence sharing has fractured under Trump, officials say
US intelligence sharing on Iran and other global threats has slowed or temporarily stopped under President Donald Trump, raising concerns about gaps in policymakers' understanding of national security risks. Tensions between the CIA and the Office of the Director of National Intelligence, staffing cuts and political interference have further weakened coordination across intelligence agencies.
From SBI to Binance, how financial institutions are becoming cyberattack targets
Recent incidents involving cryptocurrency exchange Binance and Indian public sector lender State Bank of India (SBI) have once again put the spotlight on the issue. While Binance reported a security breach involving unauthorised cryptocurrency withdrawals estimated at around $6.3 billion, SBI is investigating a suspected data leak involving nearly 3,900 customer records.
Digital payments firms race to fortify defences as cyberattacks intensify
At Bengaluru-based Cashfree, attempted attacks have been taking place repeatedly over the past three weeks, occurring at least 10 times as frequently as a year ago, chief technology officer Ramkumar Venkatesan told ET. Attackers are increasingly combining multiple vulnerabilities to attack systems, he said.
Centre gives Nandan Nilekani-led exam reform panel more time, extends deadline to January 2027
Centre has extended the deadline for the Nandan Nilekani-led examination reform task force to January 2027. The six-member panel has received over 50,000 suggestions and consulted former ISRO chairman K Radhakrishnan. Its mandate includes recommending measures to prevent paper leaks and strengthen India's examination system following repeated NEET controversies.
Binance sets aside USD 6.34 billion to cover crypto hack losses, targets phased withdrawal resumption
In response to a significant security breach, cryptocurrency exchange Binance has earmarked USD 6.34 billion to cover losses incurred from unauthorised withdrawals amounting to about USD 6.3 billion. The company is committed to recovering these funds and restoring withdrawal services incrementally, having already safeguarded USD 5 billion in stolen assets.
AU Small Finance Bank data leak: Salesforce says no vulnerability at its end
Salesforce has stated no vulnerabilities were found concerning a suspected data leak at AU Small Finance Bank. The bank is investigating claims of a breach by hackers, affecting sensitive customer data. Reportedly compromised information includes KYC records and personal identification documents, while the bank assures its core systems are unaffected. Prime Minister Narendra Modi recently warned of increasing cyberattack threats to the economy.
Hospital balance sheet: How AI could cut costs and improve efficiency
As hospitals grapple with soaring costs in drugs, supplies, and labor, the integration of AI emerges as a vital necessity.
Largescale cyberattacks test the limits of insurance cover
While businesses rush to enhance their cyber insurance cover, the incidents have triggered a debate over whether existing policies adequately cover emerging cyber risks. The biggest question insurers are policyholders seem to be confronting is: who pays when a vulnerability exposes thousands of organisations to the same threat?
AU Small Finance Bank hit by a likely breach of 'limited' data
The lender is investigating a potential breach of "limited data" pertaining to its vehicle-loan customers. The data was hosted on a third-party software platform operated by Salesforce.
Binance hack investigation: How a compromised employee laptop may have led to the largest crypto heist
Crypto Binance hacked: Binance is investigating a major security incident involving an estimated $6.3 billion in cryptocurrency transfers. A compromised DevOps engineer’s laptop may have provided an entry point, while further checks uncovered additional access points. The exchange says it froze about $3 billion in affected assets and pledged to cover all losses.
Who are the hackers suspected in Binance's $6.3 billion crypto theft? Are they state-backed groups?
Binance's $6.3 billion hack: The $6.3 billion theft from Binance, the world's largest cryptocurrency exchange, has drawn attention to North Korea's suspected role in major cyberattacks. Blockchain intelligence firms believe a North Korean hacking group called TraderTraitor was behind the incident. However, Binance has not confirmed the identity of the attackers, and investigations are still underway.
Binance hack update: Will you lose your Bitcoin? Who stole the money, where has the stolen $6.3 billion gone, and how much has been recovered?
Binance crypto hack news: Binance suffered a massive $6.3 billion cryptocurrency security breach, with investigators linking the attack to North Korea's TraderTraitor hacking group. Around $2.7 billion worth of stolen assets has reportedly been frozen. Here's where the stolen money went, which cryptocurrencies were affected and whether Binance customers risk losing their Bitcoin.
Biggest crypto heist in history: How Binance’s $6 billion hack rattled markets and what it means for investors?
Binance is investigating a reported security breach estimated to have caused $6.3 billion in losses, with North Korea-linked hackers suspected by TRM Labs. The exchange says user funds are safe and has pledged to cover all losses.
Binance hit by $6.3 billion crypto hack: Here’s what you need to know
Binance has reported a substantial security breach resulting in estimated losses of $6.3 billion. The breach was linked to a compromised laptop of a DevOps engineer facilitating unauthorized transactions. Global cryptocurrency firms have responded by freezing assets totaling nearly $2.4 billion. Additionally, Binance stated that user funds remain safe due to its Secure Asset Fund for Users.
Binance flags 'potential security issue,' says approximately $6.3 billion impacted
Binance is currently investigating a security incident that reportedly involves unauthorized transactions exceeding $6 billion. The company has stated that user funds remain secure despite the alarming situation. To mitigate risks, Binance has temporarily suspended all deposits and withdrawals on its platform. In collaboration with law enforcement, blockchain partners have already frozen a substantial amount of affected assets.
AI-powered cyberattacks siphon ₹300 crore from small NBFCs in two months
Recent cyberattacks have inflicted an estimated loss of ₹300 crore on Indian NBFC, with around 150 fraud cases reported. Focus has shifted towards identifying Chinese hacking platforms and AI toolkit involvement in these incidents. Exploiting operational weaknesses, these cybercriminals persistently launch their attacks, leading to urgent calls for NBFCs to bolster their cybersecurity frameworks to fend off further threats and safeguard their operations.
41,000 US Homeland Security employee names leaked in major hack
A significant data breach has exposed personal details of more than 40,000 Department of Homeland Security employees. The leaked information includes identities, contact details, and job titles of various officials. Distributed Denial of Secrets claims responsibility for releasing the data, asserting a right to access such information. The Department of Homeland Security confirmed it is actively addressing the breach while ensuring employee protection.
Japan PM vows swift response to wave of cyberattacks
Japan is preparing an emergency cybersecurity package in response to increasing hacking incidents affecting various businesses. Prime Minister Sanae Takaichi announced at a cabinet meeting that unauthorized access has raised concerns about data leaks. The government aims to compile these emergency measures within the next week to address the issue effectively. A Chinese AI tool called Artex has been linked to several recent hacking incidents.
Rogue AI agents exposing India’s data law blindspots
As companies edge closer to the May 2027 enforcement deadline for the Digital Personal Data Protection (DPDP) law, AI’s emerging cybersecurity risks are creating tension over what might constitute adequate compliance just six to seven months from now.
Unacademy founders plan AI fund; Flipkart’s premium push
Happy Monday! Unacademy’s founders are raising a fund focused on AI and deeptech. This and more in today’s ETtech Morning Dispatch.
Former army officer arrested in Vellore for allegedly leaking military secrets to unidentified woman
A 52-year-old retired Army officer named Babu was arrested in Vellore for leaking military secrets. Over the past year, Babu communicated with an unidentified woman through WhatsApp. He is suspected of sharing confidential Army information after being contacted inappropriately.
SBI data leak scare: Bank contacts affected customers. Is your money safe?
State Bank of India has begun notifying customers potentially affected by a recent cyber incident. The bank assured customers that their account balances and funds remain secure throughout the investigation. Alerts were received about the data exposure from cybersecurity agencies, prompting immediate action by the bank. A total of 3,897 records containing personal customer information were identified in the investigation.
SBI investigates dark web leak of 3.8 lakh records
State Bank of India is currently investigating a suspected data breach involving customer information found online. The breach reportedly exposed around 375,000 records containing personally identifiable information. SBI activated protocols and engaged cybersecurity experts to assess the extent of the breach. Preliminary analysis revealed that 3,897 customer records included sensitive personal data. Despite this incident, the bank's core business operations and financial performance remain unaffected.
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