Government forms panel under State Bank of India (SBI) Chairman to assess AI platform Mythos risks

Key facts

• The Government of India has formed a panel led by State Bank of India (SBI) Chairman C S Setty to assess risks from the AI platform Mythos and devise mitigation strategies.
• C S Setty also leads the Indian Banks' Association (IBA).
• Mythos is an AI model developed by Anthropic that possesses advanced coding capabilities to detect and exploit cybersecurity weaknesses in operating systems.
• The Ministry of Electronics and Information Technology (MeitY) is consulting with various governments and technology companies to understand the issue.
• The panel will facilitate interaction among banks to identify threats and determine necessary additional investments to counter AI-driven challenges.
• Regulators across Asia, Europe, and the US have warned banks to review their defences against the potential for Mythos to disrupt banking systems.