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Digital systems secure, says Axis Bank amid AI platform-driven vulnerability claims on cybersecurity
Axis Bank assures its digital systems are secure. The bank states cyber fraud largely occurs when customers are tricked by external communications, not due to weaknesses in its own cybersecurity. Officials highlighted that advanced AI models like Mythos can accelerate vulnerability discovery. Axis Bank is enhancing its response to identified weaknesses and deploying new security tools to protect customers.
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economictimes.indiatimes.com
Digital systems secure, says Axis Bank amid AI platform-driven vulnerability claims on cybersecurity
Axis Bank assures its digital systems are secure. The bank states cyber fraud largely occurs when customers are tricked by external communications, not due to weaknesses in its…
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thehindubusinessline.com
Axis Bank witnesses high double-digit decline in frauds
Axis Bank reports a 40% drop in fraud incidents, attributing success to AI-driven intelligence and enhanced monitoring systems.
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channelnewsasia.com
Japan bank lobby warns of potential service disruptions due to AI-enabled cyberattacks
TOKYO, June 18 : Japanese lenders may be forced to suspend services such as ATMs and online banking if sophisticated AI models end up posing a serious threat to the banking…