Financial Services Secretary M Nagaraju on Thursday warned banks and financial institutions to strengthen cyber security systems and operational resilience, cautioning that advanced artificial intelligence models such as Anthropic’s “Mythos” could pose serious risks to the banking sector if released publicly, PTI reported.Addressing the Indian Banks’ Association (IBA) conference on Risk Management in Mumbai, Nagaraju said regulators were increasingly concerned about the ability of advanced AI systems to identify and potentially exploit weaknesses in banking technology infrastructure.“I hope the banking community is prepared well to face in case Mythos is released publicly in the country,” Nagaraju said.Referring to cyber security threats, he said the Anthropic Mythos AI model has advanced capabilities that could expose vulnerabilities in legacy banking systems and interconnected financial networks.Nagaraju cautioned that banks remain highly exposed because of their dependence on legacy IT infrastructure, interconnected systems and real-time operational networks.“One successful cyber attack can cascade quickly across institutions and markets,” he warned.He…
