# India flags Chinese-linked AI tools in hacking campaign against financial firms

- URL: https://talkfuse.com/story/india-flags-chinese-linked-ai-tools-in-hacking-campaign-against-financial-firms/
- Published: 2026-11-05T09:00:00+00:00
- Updated: 2026-11-05T09:25:39+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/asia/india-flags-chinese-linked-ai-tools-hacking-campaign-financial-firms-6526931
- Topics: AI, Asia, Cybersecurity, Elections, Politics, Technology, World

## Key points

- India says Crafty Falcon used AI tools to attack financial firms.
- CERT-In named four tools, at least two linked by researchers to China.
- Recent Indian financial cyber incidents include US$2 million in unauthorised transfers.

## Summary

India’s cybersecurity agency has named a group it calls Crafty Falcon as responsible for a wave of AI-assisted attacks on financial firms. It says publicly available tools helped automate intrusions at “machine speed”, and describes the threat as active and ongoing, amid a rise in attacks on Indian banks and lenders.

CERT-In says the group breached non-bank lenders, fintech companies and cryptocurrency exchanges, but has not identified the victims, the perpetrators or any losses, or linked specific incidents to the campaign. It named four tools, with researchers linking at least two to China; the agency did not say the attacks were state-sponsored. Recent reported incidents include about US$2 million taken through more than 700 unauthorised transfers from two lenders’ accounts, and a leak of 3,897 State Bank of India customer records.

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