The Minister observed that “the nature of the emerging threat from the latest AI Model is unprecedented “ and banks need to take all necessary pre-emptive measures to secure their IT systems, safeguard customer data and protect monetary resources.
The Finance Minister was chairing a high level meeting with scheduled commercial banks which included the MEITY Minister, DFS Secretary and officials from the RBI, NPCI and other government owned institutions.
Although the government did not officially mention Anthropic’s Mythos as the reason for FM’s meeting, sources had confirmed the meeting had been called to assess the likely impact of emerging threats from AI, like Mythos and the possibility of such technologies being misused to weaponise software vulnerabilities.
Also Read: Regularization of properties in unauthorized colonies in Delhi to begin from April 24
In the meantime, DFS Secretary Nagaraju said, “We are moving from scale to complexity, where expectations are higher, risks are sharper….we are actually talking today, all of you know this Anthropic Mythos, everybody is talking about it. That is both a threat as well as opportunity for the fintech industry to experiment what actually can be done to address this.”
Also Read: Nita Ambani wears handwoven Jamdani saree at TIME100 Summit, highlights India’s soft power
