RBI says fully prepared for 'Mythos' cyber threat

PTI

New Delhi

The Reserve Bank of India (RBI) on Friday said it is fully prepared to deal with cyber security threats linked to the Mythos platform and has already issued required advisories to regulated entities.

"We have issued the required advisories. We remain fully prepared in terms of handling cyber security threats of this nature as well as conventional threats," RBI Deputy Governor J Swaminathan said during the post-monetary policy press conference. 

He said operational details are awaited regarding India getting a look into the platform built by frontier artificial intelligence company Anthropic. 

"This system has been engaging our attention, both at the government level and at the financial sector inter-regulatory forum level," Swaminathan said. 

The RBI, in consultation with the government and other regulators, will take further steps once the contours of participation become clear, he said. He added that the central bank will keep the market informed once it has full details and knows how it plans to handle it. 

Mythos is an artificial intelligence-based cyber security system developed by Anthropic to detect software vulnerabilities and emerging cyber risks before malicious actors can exploit them. The company has characterised the technology as highly sensitive due to its advanced capabilities in identifying weaknesses in digital systems. Although Anthropic disclosed the project in April, it said the model would not be released for public use, citing concerns over potential misuse if left unrestricted.