Muthoot Microfin raises IT spending by 40% amid AI-driven cyber threats, changing rural demand

The investments come amid heightened cybersecurity concerns. On 4 November, the Indian Cyber Crime Coordination Centre (I4C), under the Union home ministry, and the Indian Computer Emergency Response Team (CERT-In), under the ministry of electronics and information technology (MeitY), warned banks, non-banking financial companies (NBFCs) and fintech firms about an escalation in AI-assisted cyberattacks.