Bank chief executives are set to assure the finance minister they are taking steps to ring-fence India’s payments system from potential cyberattacks linked to Anthropic’s Mythos, a new AI model, people familiar with the matter said.
The finance ministry called an urgent meeting with bankers today evening to assess how exposed banks could be to cyber threats emanating from the Mythos app, the people said.
Also read: RBI in talks with global regulators, banks to review Mythos risks, sources say
The meeting was convened within 24 hours of a Bloomberg report that a small group of unauthorised users had gained access to Anthropic’s app, even as the company said last week it would not publicly release the model, citing cybersecurity risks.
Banks are seen as especially vulnerable because their IT platforms connect multiple stakeholders—corporates, retail users and other financial services providers—for seamless transactions. A cyberattack on banks could threaten financial stability, particularly at a time when the government is not levying charges on UPI payments to encourage digital transactions.
Government officials in at least three countries—the U.S., Canada and Britain—have met top banking officials to discuss the threats posed by Claude Mythos Preview, according to wire reports.
Reuters reported on Wednesday that Indian banking regulator is in talks with global regulators, Indian lenders and government officials to understand the potential risks posed by Mythos.
The finance ministry called an urgent meeting with bankers today evening to assess how exposed banks could be to cyber threats emanating from the Mythos app, the people said.
Also read: RBI in talks with global regulators, banks to review Mythos risks, sources say
The meeting was convened within 24 hours of a Bloomberg report that a small group of unauthorised users had gained access to Anthropic’s app, even as the company said last week it would not publicly release the model, citing cybersecurity risks.
Banks are seen as especially vulnerable because their IT platforms connect multiple stakeholders—corporates, retail users and other financial services providers—for seamless transactions. A cyberattack on banks could threaten financial stability, particularly at a time when the government is not levying charges on UPI payments to encourage digital transactions.
Government officials in at least three countries—the U.S., Canada and Britain—have met top banking officials to discuss the threats posed by Claude Mythos Preview, according to wire reports.
Reuters reported on Wednesday that Indian banking regulator is in talks with global regulators, Indian lenders and government officials to understand the potential risks posed by Mythos.
