India’s BFSI sector faces major cyber threats in 2025: AI, deepfakes, quantum risks and more

India’s Banking, Financial Services, and Insurance (BFSI) sector bore the brunt of cyberattacks in 2024, accounting for one in every five reported incidents, according to the Economic Survey 2025. And experts warn—this may only be the beginning.

A new report by the Ministry of Electronics and Information Technology (MeitY) signals a stark warning: the threats looming over the BFSI sector in 2025 will be more sophisticated, elusive, and widespread than ever before.

Launched on Monday, the Digital Threat Report 2024—prepared by CERT-In, CSIRT-Fin,…