UPI At 18 Billion Transactions, MeitY Warns Of Escalating Cyber Threa…

India's Ministry of Electronics and Information Technology has published a Digital Threat Report warning of escalating cyber risks across banking, financial services and insurance as UPI transactions surged to 18 billion in June 2026. The report flags AI-driven attacks, deepfakes, ransomware and identity theft as growing threats to financial institutions operating in India's rapidly expanding digital ecosystem. If you're building payment, lending or insurance products on top of UPI or India's open financial infrastructure, your security posture is now a regulatory expectation—not a feature. MeitY's warning is code for: audit your threat detection now, because fraud driven by AI and deepfakes will be priced into your compliance burden by Q4.