Public sector banks to scale up IT spend amid Anthropic Mythos cyber threat
Public sector banks in India are increasing IT spending to secure their systems amid concerns over Anthropic's Claude Mythos AI tool and its potential to detect cybersecurity weaknesses. Finance Minister Nirmala Sitharaman has urged banks to take pre-emptive measures to secure their IT systems.
Public sector banks are increasing IT spending to secure their systems amid concerns over Anthropic's Claude Mythos AI tool. The tool's advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them. Punjab & Sind Bank MD and CEO Swarup Kumar Saha and UCO Bank MD and CEO Ashwani Kumar said their banks will increase IT spending this financial year, with a major part going towards cyber security. Finance Minister Nirmala Sitharaman urged banks to take pre-emptive measures to secure their IT systems after Mythos exhibited its capability to find weaknesses in their operating system. A panel under SBI Chairman C S Setty has been formed to assess risks emanating from the AI platform Mythos and come up with mitigating measures. Mythos was piloted on April 7 and was found to be highly skilled at cybersecurity and hacking tasks, outperforming humans.
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