CONNECT WITH US
AI & Deeptech

AI & Deeptech

AI driven cyberattacks pose growing threat to capital markets, warns NSE's Ashish Chauhan

IndiaTimes (ET) - AI logo

Published on

Add as a preferred source on Google
AI driven cyberattacks pose growing threat to capital markets, warns NSE's Ashish Chauhan

Business News Tech AI AI driven cyberattacks pose growing threat to capital markets, warns NSE's Ashish Chauhan

AI driven cyberattacks pose growing threat to capital markets, warns NSE's Ashish Chauhan

During the ANMI convention in Mumbai, Ashish Kumar Chauhan stressed the urgent need to address AI-driven cyber risks threatening the financial sector. He urged collaboration among market players to build a strong defense against such advanced threats. Chauhan also highlighted the necessity of regulatory reforms to safeguard market integrity and investor confidence, noting the impressive growth of India's capital markets, which now boast a market capitalization that surpasses banking credit.

As India's capital markets expand to unprecedented heights, escalating technological threats require immediate, proactive defence mechanisms across the financial ecosystem . Addressing market participants at the 16th ANMI International Capital Market Convention in Mumbai on Saturday, National Stock Exchange (NSE) Managing Director and Chief Executive Officer Ashish Kumar Chauhan cautioned that emerging AI-driven cyber risks and quantum computing challenges present a critical test for market integrity. Highlighting the global severity of automated cyber threats, Chauhan cited recent international disruptions as a warning for Indian intermediaries.

"Over the past few weeks, we have seen a wave of AI-driven cyber hacking globally. Japan declared a national emergency over cyber hacking, and major American banks faced sophisticated AI engine attacks on their infrastructure," Chauhan said, noting that NSE is continuously reviewing its infrastructure to patch vulnerabilities. To safeguard market participants from sophisticated cyber threats, the exchange chief called for an industry-wide collaborative defence framework.


Source link
Related Topics:AI & Deeptech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.