PM Modi Calls for Global Fintech Collaboration at Mumbai Fest

Prime Minister Narendra Modi addressed the Global Fintech Fest 2024 in Mumbai, urging regulators to combat cyber fraud and enhance digital literacy. He highlighted India’s progress in leveraging fintech for social impact, particularly in empowering women and promoting financial inclusion. Modi also acknowledged the need for a global framework for ethical AI development and lauded India’s fintech innovation.

Generative AI: A Double-Edged Sword in the Cyber Realm

Generative AI has revolutionized various industries but has also opened the door to increasing cyber threats. With phishing incidents soaring and advanced attacks on the rise, organizations and individuals are becoming more susceptible to cyber-attacks. Collaborative efforts, ethical frameworks, and digital awareness are crucial to mitigate these risks, ensuring a secure digital landscape. Initiatives like the Bletchley Declaration and industry-wide training can bolster defenses against the evolving threats posed by generative AI.

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