Finance Minister Sitharaman warns of critical cybersecurity threats to India's financial system. Speaking at SEBI's foundational day event, she emphasized that a single cyber attack on exchanges or depositories could disrupt economic activity and erode public trust. With artificial intelligence-powered attack tools evolving rapidly, Sitharaman stressed that all regulated financial entities must remain exceptionally vigilant and ensure defensive capabilities advance faster than threats. She called on SEBI to institutionalize periodic consultations with global regulators while maintaining independent Indian regulatory standards. These remarks come as concerns mount over emerging AI platforms' potential cybersecurity implications and amid foreign investor uncertainty affecting capital flows into Indian markets.
