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AI-powered cyberattacks put Indian fintechs on alert; Shiprocket turns profitable in Q2 FY27

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AI-powered cyberattacks put Indian fintechs on alert; Shiprocket turns profitable in Q2 FY27

Investor appetite for India’s B2C ecommerce sector appears to be cooling. Funding fell 33% to $1.6 billion across 356 rounds between January and November 3, 2026, compared with $2.4 billion across 621 rounds in the year-ago period, according to Tracxn. Late-stage and seed-stage funding declined 51% and 50%, respectively, while early-stage investments remained relatively stable, growing 3%.

While investors are becoming more cautious, the AI infrastructure boom is facing a different challenge: rising public concerns over its impact on local communities. OpenAI has pledged to pay the full electricity costs of data centres it owns and operates, while committing to greater transparency around construction plans and community consultations. 

Meanwhile, India's cybersecurity watchdog CERT-In has warned of AI-driven attacks targeting fintech firms and NBFCs, with hackers exploiting payment systems to siphon off funds.

Cybersecurity concerns are also surfacing across global financial services. Binance has revoked all API keys linked to third-party trading platform SignalPlus following a potential security issue reported by the company. The exchange said its own systems and user funds remain safe, and advised affected users to review their trading positions before reconnecting. 

The risks extend beyond financial services. A cyberattack targeting refrigeration control systems at three sites operated by France's national blood service raised storage temperatures for plasma and other blood products. Monitoring systems detected the breach in time, allowing staff to move supplies before any products were compromised. Authorities are investigating the incident.  

Here’s your trivia for today: What is a 'zero-day' vulnerability in cybersecurity?



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