India Convenes Meeting on AI Cybersecurity Risks to Banks

India's Finance Minister Nirmala Sitharaman convened a high-level meeting with heads of scheduled commercial banks and key stakeholders in New Delhi on Thursday to address emerging cybersecurity risks posed by advanced artificial intelligence models, particularly Anthropic's Claude Mythos. The gathering, attended by Electronics and Information Technology Minister Ashwini Vaishnaw, focused on the potential for such AI technologies to exploit software vulnerabilities in financial systems.

Sitharaman emphasized the unprecedented nature of these threats during the discussions, urging banks to implement immediate preemptive measures to secure their IT infrastructure, protect customer data, and safeguard monetary resources. According to a statement from the Finance Ministry posted on X, she advised establishing a robust mechanism for real-time threat intelligence sharing among banks, the Indian Computer Emergency Response Team (CERT-In), and other relevant agencies to enable early identification and rapid dissemination of risks across the ecosystem.

The minister also directed lenders to promptly report any suspicious digital activity or cyber incidents to authorities, including...