Indian banks need AI-led defence systems as Anthropic’s Mythos heightens cyber risks: Barclays

New Delhi: Indian banks need to modernise their technology architecture and build artificial intelligence-based defence systems to counter emerging cyber threats posed by AI tools, India, MD & CEO Praveen Kumar said on Monday.

Speaking at the CII Annual Business Summit here, Kumar said banks have legacy infrastructure, outdated coding systems and multiple software versions, which make them vulnerable to cyber attacks and advanced AI models such as Anthropic’s Claude models could potentially exploit weaknesses in outdated banking systems.

“With things like Anthropic’s Mythos coming in, which will potentially exploit weaknesses of underlying systems … How do you move to a much more consistent underlying technology architecture which will then keep the bank safe,” he said.

Also Read:

Drawing an analogy with modern warfare, Khanna said traditional war technologies may no longer be adequate against AI-driven threats.

“These days, if you have missiles coming in your way, you have to counter them with missiles from your side. You cannot fire with traditional weapons. So if AI is kind of launching an attack on your enterprise, you’ve got to have AI insight to counter that,” Kumar said, addressing a session on ‘The future of global capability centres in AI era.