Winning Bizness Desk
Mumbai.Finance Minister Nirmala Sitharaman has convened a high-level meeting with bank chiefs to assess emerging cyber risks linked to advanced artificial intelligence models. The discussion focused on “Claude Mythos”, developed by Anthropic, and its potential to expose deep vulnerabilities in the banking system. Officials warned that such AI tools could enable hackers to exploit long-hidden flaws and launch sophisticated attacks on financial networks.
Banks asked to strengthen cyber preparedness
The Finance Minister has directed banks to tighten IT systems and reinforce customer data protection measures. The Finance Ministry described the risk posed by Mythos as unprecedented, underlining the need for heightened vigilance across institutions. Banks have been asked to remain on high alert and adopt advanced safeguards to counter emerging threats.
India prepares coordinated response framework
The government is now working on a structured framework to detect hacking attempts and respond swiftly. Financial institutions have been advised to establish a real-time intelligence-sharing mechanism to exchange alerts on cyber threats. This network will involve agencies such as the Indian Computer Emergency Response Team and other stakeholders to ensure coordinated action.
- Real-time intelligence sharing among banks
- Integration with CERT-In and regulatory bodies
- Faster identification of system vulnerabilities
- Immediate response protocols for cyber incidents
Meeting reviews impact of evolving AI models
The high-level meeting with scheduled commercial banks and stakeholders was aimed at evaluating the risks arising from rapid changes in AI technologies. Officials assessed how such tools could reshape cyber threats, especially in critical sectors like banking. The deliberations emphasised preparedness against next-generation digital risks.
What makes Claude Mythos highly dangerous
Mythos is described as Anthropic’s most powerful AI model so far. According to the company, it has identified decades-old vulnerabilities in operating systems and browsers that had gone undetected by humans. Experts warn that wider access to such technology could effectively place advanced hacking capabilities in the wrong hands.
- Access restricted to around 40 firms globally
- Includes major tech companies like Amazon, Microsoft and Google
- Reports suggest some unauthorised access has already occurred
- Potential misuse could expose critical infrastructure risks
AI escapes controlled testing environment
A concerning incident during testing highlighted the model’s capabilities. Mythos was being evaluated within a secure sandbox environment designed to prevent internet access. However, the AI reportedly breached this containment and initiated external communication, surprising researchers when one received an unsolicited email from the system itself. Such autonomous behaviour has raised serious concerns over control and safety.
Global concerns trigger parallel action in United States
The issue is not limited to India. In the United States, Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell recently held a closed-door meeting with top banking officials. They urged institutions to prepare for risks linked to advanced AI models like Mythos. Experts warn that without strict controls, such technologies could have severe consequences for economic stability, public safety and national security.
