IBA, CERT-In Assess AI Risks for Indian Banking Sector
Why it matters: This proactive assessment by Indian banking bodies and CERT-In underscores the importance for all Indian critical infrastructure operators to evaluate and manage cybersecurity risks associated with emerging AI technologies.
The Indian Banks' Association (IBA) is initiating discussions with banks to evaluate potential risks posed by Anthropic's Mythos AI model. India's Computer Emergency Response Team (CERT-In) has also engaged with bankers regarding this issue. Financial institutions are reportedly considering enlisting global technology firms like Microsoft and IBM to aid in this critical risk assessment.
Source: Ndtvprofit