RBI Prepares for "Mythos" Cyber Threat, Issues Advisories to Regulated Entities

RBI Prepared to Deal with Cyber Security Threats from Mythos Platform

The Reserve Bank of India (RBI) has assured that it is fully prepared to handle cyber security threats linked to the Mythos platform, a highly sensitive artificial intelligence-based system developed by frontier AI company Anthropic. The RBI has already issued advisories to regulated entities, as part of its efforts to stay ahead of potential threats.

RBI Deputy Governor Swaminathan J emphasized that the central bank remains vigilant and prepared to deal with both conventional and cyber security threats. He stated that operational details regarding India's involvement in the platform are still awaited, but the RBI will take further steps once the contours of participation become clear.

The Mythos system, which aims to detect software vulnerabilities and emerging cyber risks, has been under scrutiny from both the government and the financial sector. In consultation with other regulators and the government, the RBI will continue to monitor the situation and inform the market once more details are available.

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Developed by Anthropic, the Mythos platform has been characterized as highly sensitive due to its advanced capabilities in identifying weaknesses in digital systems. Despite being disclosed in April, the model will not be released for public use, citing concerns over potential misuse if left unrestricted.