Technology

Security of bank accounts at risk? Nirmala Sitharaman warned, concern increased due to AI

By Samira Vishwas
  • It has been warned that the risk of banking cyber-attacks is rapidly increasing due to advanced AI such as ‘cloud mythos’.
  • The Finance Minister has given instructions to the banks to strengthen the IT system and keep the customer information safe.
  • Emphasis is placed on enhancing coordination between banks, CERT-In and other organizations to prevent cyber threats.

Finance Minister Nirmala Sitharaman He called an important meeting recently. The heads of many big banks of the country participated in this meeting. Information Technology Minister Ashwini Vaishnav was also present in this meeting. The purpose of the meeting convened by Nirmala Sitharaman was to understand the cybersecurity risks associated with Anthropic’s Cloud Mythos AI model. The meeting is held at a time when AI models are considered advanced in terms of cyber security. According to the Ministry of Finance, this threat is not common and more vigilance, preparedness and better coordination among all institutions is needed to counter this threat.

Finally that day has come! Redmi smartphone launch with active cooling fan, big battery and equipped with powerful features

What is Cloud Mythos AI?

Claude Mythos is considered to be Anthropic’s most powerful AI model to date. According to the company, this model is very capable in terms of cyber security and hence cannot be made available to the general public. It is said that this AI model has discovered thousands of security flaws that even humans have not been able to detect over the years. Some of the errors were 27 years old. These errors were present in major operating systems and web browsers. Due to these flaws, the chances of cyber attack and data theft were high. (Photo Courtesy – X)

Anthropic’s Claude Mythos is currently available to select companies. These include tech companies like Amazon, Microsoft and Google. However, according to reports, some unauthorized users have tried to access the system and this is a major concern. This is because there is a possibility of cyber security flaws being exploited. This leads to the possibility that information from big tech companies can be stolen and misused.

What did America decide?

This issue is not limited to India. According to reports, the US government is also wary of the AI ​​model and has even started conversations with Wall Street banks about it. The White House is also looking to use this technology in its institutions to strengthen cyber security.

What preparations does the Government of India make?

The Government of India plans to create a robust framework to counter these threats. The aim is to identify any cyber attack and take timely action against it. In the meeting, the Finance Minister asked the banks to take important steps to strengthen their IT systems and keep customer information safe. Emphasis was also placed on setting up a system for immediate alerting of threats among banks.

BGMI Cricket League Event: Gaming Blast for Cricket Lovers! Spin and win great rewards, follow these steps

Focus on working together

The Finance Ministry has suggested that better coordination should be created between banks, the Indian Computer Emergency Response Team and other organizations. This allows any threat to be identified early and all organizations can be alerted. The Indian Banks Association has also been asked to develop a system that can quickly respond to any cyber threat. According to reports, the finance ministry and the Reserve Bank of India are conducting a thorough study of the threat that the cloud myth could pose to the Indian financial sector.

Samira Vishwas 706 posts 0 comments
You might also like More from author

Comments are closed.