Quick Summary
Union Finance Minister Nirmala Sitharaman has raised fresh concerns over emerging artificial intelligence (AI)-driven threats, highlighting a new and relatively unknown challenge referred to as "Mythos." Following a high-level meeting with bank chiefs, the minister stressed the need for a coordinated and future-ready response from India's banking sector. Addressing the media after the meeting, FM Sitharaman acknowledged that Indian banks have so far demonstrated strong resilience due to rapid d
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FAQ :
Finance Minister Nirmala Sitharaman has flagged a new artificial intelligence threat referred to as 'Mythos'.
The article states that 'Mythos' is a new and relatively unknown AI-driven threat, with not much information currently available about it.
Indian banks have been urged to strengthen their cyber defences and adopt a more versatile and proactive approach to counter emerging AI risks.
The State Bank of India (SBI) will spearhead the initiative, with its chairman leading efforts to coordinate sector-wide responses.
Banks will engage in extensive interaction to explore how AI itself can be leveraged as a tool to counter AI-born challenges like 'Mythos'.
MeitY is actively engaging with global technology firms, regulators, and governments to better understand AI-driven threats and assess preparedness strategies.
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