BENGALURU/MUMBAI: India’s cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at least two of them linked to China, adding India to a growing list of countries where such tools have been used against banks.The group, which the Indian Computer Emergency Response Team (CERT-In) calls “Crafty Falcon,” has breached non-bank lenders, fintech firms and cryptocurrency exchanges, according to an advisory issued on Wednesday (Nov 4).CERT-In did not say who was behind the breaches or where the organisation operates.The advisory came after a spate of cyberattacks on Indian banks and non-bank lenders in recent weeks, even as authorities issued warnings and the Reserve Bank of India tightened cybersecurity checks.
CERT-In said the attackers use publicly available AI tools to automate break-ins “at machine speed”, calling the threat “active and ongoing”.It named four tools: ARTEX, PentAGI, Cairn and CyberStrikeAI. Security researchers have linked at least two of them to China.China-made ARTEX has been used in attacks on South Korean banks since late September, cybersecurity firm CrowdStrike has said.It said a China-linked group also used the tool in an espionage campaign targeting more than 200 organisations in at least 14 countries.CERT-In did not name the affected companies or say how much money was stolen.The agency did not say the attacks were state-sponsored and the tools it named have been freely available online. ARTEX, however, was made private by its developer last month after it was linked to the South Korean attacks.CERT-In, the Indian Cybercrime Coordination Centre and India’s IT ministry did not immediately respond to requests for comment.
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