Chandigarh University Students Win ₹3 Lakh for AI Fraud Detection Platform
Event summary
- Chandigarh University's 'Team Fi' secured second place in the CyberShield Hackathon, winning ₹3 lakh for developing an AI-powered platform to detect fraudulent Android apps.
- The platform automates reverse engineering, static and dynamic analysis, and risk scoring of suspicious mobile applications.
- Team Fi consisted of four third-year Computer Science Engineering students specializing in IBM-Cyber Security.
- The hackathon, organized by Bank of India and IIT Hyderabad, attracted over 3,000 team registrations from across India.
The big picture
Chandigarh University's win highlights the growing intersection of AI and cybersecurity, particularly in combating financial fraud. With cyber frauds in India reaching 28 lakh cases in 2025, the demand for innovative solutions is critical. The collaboration between academic institutions and industry players like IBM underscores the strategic importance of fostering talent in emerging technologies.
What we're watching
- Market Adoption
- Whether the AI-powered platform can gain traction among financial institutions and cybersecurity firms.
- Scalability
- The pace at which the platform can be scaled to handle larger volumes of app analyses.
- Regulatory Impact
- How regulatory bodies may respond to the deployment of AI in cybersecurity, potentially influencing future developments.