Cyberattacks Target NBFCs in Delhi via Telegram, Prompting Advisories
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Cyberattacks targeting NBFCs in Delhi using Telegram have become rampant over the last six weeks. One NBFC reported a loss of ₹7.5 crore in an initial attack, while another lost ₹7.25 crore a few days later. These attacks exploit weak cybersecurity infrastructure, particularly among NBFCs with turnovers of ₹1,000 crore or less.
From indiatimes.com
Why it matters
Cybersecurity agencies are advising NBFCs to upgrade their infrastructure to combat the threat. Probes have identified the Chinese hacking platform CyberStrike as the perpetrator in some instances. The increasing ease of access to hacking tools, aided by AI models, is raising the overall threat level.
Telegram is identified as a preferred platform for cybercriminals conducting financial frauds, leading to legal action in Delhi.
From indiatimes.com
Who's involved
- TelegramInstant messaging service used by cybercriminals to conduct attacks.
- DelhiLocation where the cyberattacks against NBFCs occurred.
- State Bank of IndiaFinancial institution that issued advisories regarding the cyber threat.
- Ministry of Home AffairsGovernment ministry that may need to heighten national security responses.
- Reserve Bank of IndiaCentral bank that regulates the financial stability of NBFCs.
- Telegram FZ-LLCCorporate entity that legally operates the Telegram messaging service.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- State Bank of IndiaSpeculative
State Bank of India might raise security costs due to increased systemic cyber risk exposure.
Keep exploring
The entities involved
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Telegram
instant messaging service
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Delhi
megacity and union territory of India
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State Bank of India
Indian public sector bank and financial services organization