India warns banks after powerful AI model like Claude Mythos raises cybersecurity concerns
Follow UsNirmala Sitharaman urged banks to improve coordination and security against AI-driven risks.
The move follows concerns around Anthropic’s AI model detecting thousands of software vulnerabilities.
Banks have been advised to upgrade monitoring systems and report cyber threats quickly to authorities.
Anthropic Mythos AI model has become the talk of the town for its capabilities. After a reported data breach, the entire world is preparing for all the possible outcomes. In the latest update, the Indian government and RBI have already called on banks to strengthen their cybersecurity frameworks in response to growing risks posed by advanced AI systems. In a high-level meeting, Finance Minister Nirmala Sitharaman stressed the need for stronger coordination and preparedness as AI tools become more capable of identifying and exploiting software vulnerabilities.
SurveyThe meeting included Ashwini Vaishnaw and officials from institutions such as the Reserve Bank of India, National Payments Corporation of India and Indian Computer Emergency Response Team, along with banking executives. The discussions focused on assessing emerging threats from next-generation AI models and evaluating the sector’s readiness to respond.
Sitharaman also acknowledged that banks have made progress in improving the digital security systems, but warned that the latest wave of AI-driven threats presents a new level of complexity. She urged the Indian Banks’ Association to develop a unified response mechanism that enables faster action against cyber incidents. Banks were also advised to enhance monitoring systems, work closely with cybersecurity experts, and report suspicious activities promptly to relevant authorities.
But why is it happening?
The concerns come amid rising global attention on how AI models can be misused. Recently, Anthropic introduced a cybersecurity initiative called Project Glasswing in collaboration with major tech firms.
The company revealed that its experimental model, Claude Mythos Preview, has already identified thousands of critical vulnerabilities across widely used software, including operating systems and web browsers. According to Anthropic, some of these flaws had remained undiscovered for years and can be misused.
On the other hand, global policy makers are taking these developments seriously and discussing them at the international forums.
