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Firms turn to AI as cyber threats accelerate

Firms turn to AI as cyber threats accelerate

by AIP Online Bureau | May 9, 2026 | Data, Eco/Invest/Demography, Regulation, Risk Management, Technology, Workplace/Employee Benefits

“Attackers are moving faster and at greater scale than ever before. This report is a call to action for organizations to match that pace, with AI as a force multiplier for cyber defence,” said Laurent Gobbi, Partner, Global Head of Cyber & Tech Risk,...
Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re

Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re

by AIP Online Bureau | May 8, 2026 | International News, Non-Life, Reinsurance, Technology

AI-focused companies dominated the quarter, accounting for 95.2% of total funding — a record share. These firms raised USD 1.55 billion across 68 deals, with all of the ten largest funding rounds going to AI-led businesses. Global InsurTech funding remained resilient...
Banks must prepare for cyber threats posed by AI models like Mythos: Nagaraju

Banks must prepare for cyber threats posed by AI models like Mythos: Nagaraju

by AIP Online Bureau | May 7, 2026 | Banking & Bancassurance, Indian News, Risk Management, Technology

Referring to cyber security concerns, he said Anthropic Mythos AI model has advanced capabilities to identify and potentially exploit systems, and added that it has raised alarm bells among regulators because of the vulnerabilities in legacy banking technology...
FinMin asks banks to adopt MuleHunter AI tool of RBI to check cyber frauds

FinMin asks banks to adopt MuleHunter AI tool of RBI to check cyber frauds

by AIP Online Bureau | Apr 30, 2026 | Banking & Bancassurance, Indian News, Risk Management, Technology

M Nagaraju, Secretary, DFS During the meeting he also advised State Level Bankers’ Committee to sensitise the State Police Authorities about the steps taken by the banks for prevention of cyber financial frauds and undertake greater public awareness initiatives,...
Global fintech sector set to triple to USD 2 trillion by 2030 amid AI push: McKinsey

Global fintech sector set to triple to USD 2 trillion by 2030 amid AI push: McKinsey

by AIP Online Bureau | Apr 28, 2026 | Banking & Bancassurance, Data, Eco/Invest/Demography, Technology

Global fintech revenues stood at around USD 650 billion in 2025, accounting for roughly 4 per cent of the broader financial services market. The report projects that the sector could grow to nearly USD 2 trillion by 2030 if current growth trends continue. New Delhi:...
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