Weeks after Anthropic AI unveiled ‘Claude Mythos’–their frontier artificial intelligence model claimed to pose serious cybersecurity risks, India’s Finance Ministry warned its commercial banks of the challenges posed by the latest model and suggested an institutional mechanism to deal with the threats.
On Thursday, India’s Union Finance Minister Nirmala Sitharaman, along with union IT minister Ashwini Vaishnaw and India’s apex bank Reserve Bank of India, chaired a high-level meeting with scheduled commercial banks and key stakeholders in New Delhi.
“The finance minister noted that the nature of the emerging threat from the latest AI model is unprecedented and requires a very high degree of vigilance, preparedness and better coordination across financial institutions and banks,” read a statement from the Ministry of Finance, India.
Sitharaman directed Indian banks to develop a coordinated institutional mechanism “to respond swiftly and effectively to any such threats.”
Union Minister for Finance and Corporate Affairs Smt. @nsitharaman today chaired a high-level meeting, along with Union Minister for Electronics and Information Technology, Railways and I&B Shri @AshwiniVaishnaw, with Scheduled Commercial Banks and key stakeholders to assess the… pic.twitter.com/TrQrDCkMKE
— Ministry of Finance (@FinMinIndia) April 23, 2026
“Banks were further advised to immediately report any suspicious activity or cyber incident to the relevant authorities and take all necessary pre-emptive measures to secure their IT systems, safeguard customer data, and protect monetary resources,” read the statement from Ministry of Finance.
India’s high level bank meet happens after countries like US and U.K. flagged the latest AI model Claude Mythos capable of posing unprecedented cybersecurity risks.
What is Claude Mythos AI Model by Anthropic?
In late March this year, Anthropic, an American AI startup, claimed that their frontier AI model, Claude Mythos, has demonstrated far superior capabilities than its previous frontier models. The AI model, claimed by Anthropic, had shown a “leap in coding skills”, and had the capability to find vulnerabilities in advanced software systems.
Anthropic announced that it will not release Claude Mythos for general public use over its cybersecurity risks, and rather allow a preview version of the model for governments and tech giants like Apple, Google, NVIDIA to find vulnerabilities in their own systems.
Post the unveiling of Mythos preview model, the UK government’s AI Minister Kanishka Narayan claimed that the AI model was found to be the “most capable” after a trial was conducted by UK’s AI Security Institute (AISI). However, critics have also attacked Anthropic for using fear as a hype marketing tool for their latest AI model.
Also Read: Claude Mythos: Imminent Threat or Marketing Hype by Anthropic?
