According to the advisory, cybercriminals are increasingly deploying AI agents to automate different stages of attacks, allowing them to identify vulnerabilities, compromise systems and initiate unauthorised financial transactions at unprecedented speed.“The attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine-speed compromise.“Multi-crore unauthorised transactions through fund disbursement systems and APIs are being found in individual cases,” the advisory said.The agencies identified unpatched software, misconfigured internet-facing servers and inadequately secured IT infrastructure as major entry points for attackers.Once inside a financial institution’s network, hackers target automated disbursement platforms and APIs used for payments and fund transfers.The stolen funds are subsequently routed through mule accounts maintained across multiple banks and rapidly transferred or withdrawn using payment channels such as IMPS and NEFT.Attackers also allegedly delete transaction records and other digital evidence to obstruct investigations and complicate efforts to trace stolen money.However, while the advisory refers to individual cases involving multi-crore unauthorised transactions, it does not identify the affected institutions or disclose the scale of losses attributable specifically to AI-assisted attacks.
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