Muthoot Microfin Raises IT Spending By 40% Amid AI-Driven Cyber Threats, Changing Rural Demand
(MENAFN- Live Mint) Muthoot Microfin Ltd has raised its information technology (IT) spending by 40% this financial year to strengthen cybersecurity and digital infrastructure as artificial intelligence (AI)-assisted attacks increasingly target financial institutions. The lender is also seeing a shift in rural consumption, with households spending more on nutrition and better-quality products, including milk and dairy, managing director and chief executive Sadaf Sayeed told Mint.
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