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Finance Secretary Nagaraju warns banks of AI risks from Mythos and demands stronger cyber resilience
Business
Published on 7 May 2026
A new AI model could target bank systems
Finance Secretary M Nagaraju has cautioned Indian banks about the growing threat posed by advanced AI models like Anthropic Mythos. Speaking with SBI Chairman CS Setty, he urged banks to harden cyber defenses and improve operational resilience, warning that AI can be used for both defense and offense. Regulators are pushing banks to prepare for AI-driven attacks.
- Nagaraju warns banks about AI threats from models like Mythos
- Cyber defenses and operational resilience must be strengthened
- SBI chief says AI can enable both defense and attacks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times