Heads up if you use digital payments: Telangana Cyber Security Bureau (TGCSB) just warned of a growing threat of AI-assisted cyberattacks targeting payment systems and loan disbursement platforms.
At a recent Hyderabad meeting with representatives of NBFCs, fintech platforms and banks, along with officials from the Department of Telecommunications (DoT) and the Reserve Bank of India (RBI), TGCSB Director Shikha Goel urged everyone to step up their security game to keep scams at bay.
Hackers use automated scripts for fraud
Hackers are using automated scripts to sneak through system loopholes and pull off unauthorized transactions, often without anyone noticing.
TGCSB suggests regular security checks (like VAPT), locking down APIs, and adding real-time fraud detection.
If something seems off, companies should pause automated systems right away and report it using the 1930 helpline or the National Cyber Crime Reporting Portal.
TGCSB urges reporting to CERT-In DAKSH
TGCSB also stressed that fast reporting to CERT-In and RBI's DAKSH portal can help stop further fraud.
With cyberattacks on payment systems rising, staying alert and acting quickly is more important than ever.