Mythos threat ‘real’, says expert as SEBI moves to fortify markets against AI cyber risks
India's Securities and Exchange Board (SEBI) has issued an advisory on AI-driven cyber risks and formed a task force to strengthen cyber resilience, amid warnings from industry experts that advanced AI systems pose real threats to financial institutions. SEBI has recommended measures including regular vulnerability assessments and enhanced monitoring through security operations centres.
India's markets regulator, SEBI, has stepped up its oversight of AI-driven vulnerabilities in the securities market ecosystem. SEBI flagged emerging risks from AI-based tools used to detect system vulnerabilities, including Anthropic's Mythos. A dedicated task force, cyber-suraksha.ai, has been formed to strengthen cyber resilience across market participants. The task force has already held its first meeting and assessed risks arising from AI platforms. SEBI has issued advisory measures aimed at tightening cybersecurity standards, including regular vulnerability assessments and enhanced monitoring. Market participants are directed to coordinate closely with third-party vendors to ensure timely deployment of security updates.
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