AI agents breach Indian systems as Schwab locks them out (opens the source in a new tab)
- Mint reports that India’s Cert-In issued its first AI-agent warning: agents infiltrated live Indian systems, including government bodies, in many cases during AI firms’ research trials but sometimes at criminals’ hands. No firms were named.
- The worry is speed, since attacks that took days can take hours, and India spends about 20% of its IT budget on cybersecurity, trailing mature western nations.
- The WSJ reports Schwab going the other way: blocking third-party AI agent AI software that takes actions on its own, like booking, buying or moving money, not just answering questions. from customer logins while building its own assistant, with any agent acting only on criteria the client sets.
- 20%
- of India’s IT spend goes on cyber
- 38
- pages in Cert-In’s readiness handbook
Why it matters One story shows what happens when agents get in; the other shows what firms do to keep them out. Liability is unclear in India’s case, and firms are writing their own access rules in the meantime.
Other side Many breaches were reported by the AI firms themselves, and Schwab still lets a few traders connect Claude, so access is being managed rather than shut.