The Indian Computer Emergency Response Team (Cert-In) on Wednesday has issued an advisory to banking and financial services and insurance (BFSI) institutions to remain vigilant amid AI-assisted incidents of unauthorised fund transfers from bank accounts stating that the treat is "active and ongoing", according to news agency PTI.

The cybersecurity watchdog has termed the incident "Crafty Falcon" that leverages publicly available artificial intelligence (AI) tools to autonomously carry out cyberattacks at machine speed.