FM Nirmala Sitharaman asks banks to bolster cyber defences, report threats amid rising AI risks

What Happened

Finance Minister Nirmala Sitharaman directed banks Thursday to strengthen cyber defences and promptly report suspicious digital activity. She emphasized unprecedented risks from advancing AI models require heightened vigilance and coordination. Banks must engage cybersecurity experts, implement pre-emptive IT security measures, and establish real-time threat intelligence sharing mechanisms with CERT-In and relevant agencies.

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