The rise in digitisation has increased the risk of cyber attacks and digital frauds, data breaches and operational failures, according to the Reserve Bank of India (RBI). In a report, the RBI called on banks and financial companies to improve risk management and tighten IT governance. The regulator warned of the use of mule bank accounts for digital fraud, which risk financial and reputational damage to banks.
Cybercriminals harness AI to boost phishing & malware attacks
Artificial Intelligence (AI) tools are increasingly being used by small cybercriminal groups to develop more persistent malware, trick users into downloading malicious payloads, and create
