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Sitharaman warns AI cyberattacks are rising as banks race to build new defenses nationwide
Economy
Published on 24 April 2026
AI may be turned against AI attacks soon
Finance Minister Nirmala Sitharaman says Indian banks must proactively prepare for escalating AI-driven cyber threats. She called for closer collaboration across banks to map vulnerabilities and adopt new technologies. In a notable twist, she suggested using AI tools to counter AI-powered attacks, aiming to rapidly harden financial-sector cybersecurity defenses as regional risks are watched closely.
- Sitharaman urges banks to prepare for AI-powered cyber threats
- Banks are expected to collaborate to identify and fix vulnerabilities
- New technologies will be adopted to strengthen cybersecurity defenses
- AI could be used to counter AI-driven attacks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times