Claude Mythos AI Sparks Panic: FM Sitharaman Flags Bank Security Risks, Clears Air On Tax Travel Rule Confusion
India's Finance Ministry warned of unprecedented AI threats to the banking system, citing advanced AI models like Claude Mythos. Finance Minister Nirmala Sitharaman urged banks to strengthen detection systems and response mechanisms to counter emerging cyber threats.
India's Finance Ministry has warned of unprecedented AI threats to the banking system, citing advanced AI models like Anthropic's Claude Mythos. Finance Minister Nirmala Sitharaman chaired a high-level meeting with banking leaders to discuss cybersecurity preparedness. Sitharaman urged banks to strengthen detection systems and response mechanisms to counter emerging cyber threats. The meeting reflected growing global anxiety around AI tools that could bypass traditional security layers. The Finance Ministry clarified that new tax rules for travellers apply only to specific cases, not all travellers, amid growing confusion. The rules are designed as targeted compliance measures for individuals with pending tax liabilities or ongoing investigations.
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