Hyderabad CP Sajjanar Warns Banks and Quick-Commerce Firms Against Rising AI-Powered Cyberattacks

Hyderabad Police Commissioner VC Sajjanar, IPS, has urged banks, financial institutions, quick-commerce companies and mobility platforms to strengthen their cybersecurity infrastructure amid the growing threat of sophisticated attacks by international cybercrime networks. He warned that criminals are increasingly using Artificial Intelligence (AI) to identify vulnerabilities in financial networks and exploit them to steal money and sensitive customer information. Organisations must prepare proactive security measures and strengthen their cybersecurity teams to tackle emerging threats.

Sajjanar stressed that third-party modules and API services used by financial institutions, particularly non-banking financial companies (NBFCs), must receive the same level of protection as their primary applications. He advised organisations to remove unused APIs, regularly update software, review internet-facing customer portals, monitor unusual high-value transactions, verify beneficiaries, complete KYC checks before fund transfers and require senior-level approval for critical transactions. He also recommended regular red-team mock drills and coordination between IT and cybersecurity teams. People who encounter suspicious transactions or become victims of cyber fraud should immediately call the national cybercrime helpline at 1930 or file a complaint through the official website: https://cybercrime.gov.in.