Banks meet Finance Minister; cyber risks from Anthropic’s Mythos likely on agenda: Sources
Senior executives of public sector banks met India's Finance Minister to discuss risks arising from artificial intelligence, including cybersecurity threats linked to Anthropic's new AI model 'Mythos'. The Reserve Bank of India is engaging with banks and global central banks to assess risks associated with AI models like Mythos.
Senior executives of public sector banks met India's Finance Minister on April 23 to discuss risks from artificial intelligence, including cybersecurity threats from Anthropic's 'Mythos' model. The Reserve Bank of India is engaging with banks and global central banks to assess these risks. The National Payments Corporation of India is seeking early access to 'Mythos' to evaluate potential risks to payments infrastructure. The Department of Financial Services stated that the financial system must remain resilient amid emerging technological shifts. India's Finance Minister's Department noted that AI can enable more lending through AI-driven underwriting, but also poses cybersecurity threats and market volatility risks. Global regulators, including those in the US, UK, and Canada, are coordinating to assess risks from 'Mythos' and strengthen bank cybersecurity.
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