Indian banks are working on a coordinated industry response to rising cyber risks, with the Indian Banks’ Association (IBA) developing mechanisms for faster information sharing on cyber incidents and an industry-level sandbox for testing emerging artificial intelligence models. State Bank Read More …
Tag: AI cybersecurity
Banks Build Coordinated Response to Rising Cyber Risks
RBI Governor Warns Banks of Emerging AI-Driven Cyber Threats, Calls for Stronger Cybersecurity and IT Resilience
Reserve Bank of India (RBI) Governor Sanjay Malhotra has cautioned banks and financial institutions about emerging cybersecurity threats associated with artificial intelligence (AI), emphasising the need to strengthen IT infrastructure, safeguard customer information and promptly address technological vulnerabilities. Speaking at Read More …
RBI Directs Banks and Payment Firms to Strengthen Cybersecurity Amid Rising AI-Driven Threats
The Reserve Bank of India (RBI) has called for stronger cybersecurity safeguards across banks, payment system operators and other regulated financial institutions in response to emerging threats involving artificial intelligence (AI)-enabled cyberattacks. According to an advisory issued on 19 October Read More …
Cyber Insurer Adds AI-Based Risk Assessment Service
Cowbell, a cyber and specialty insurer, has launched an AI-based risk advisory tool called Risk Advisor for its policyholders. The tool is available through the Cowbell Platform and Cowbell OMNI mobile app and brings together information including risk assessments, security Read More …
SEBI Forms AI Cyber Task Force
The Securities and Exchange Board of India (SEBI) has constituted a dedicated task force, cyber-suraksha.ai, to examine cybersecurity risks arising from advanced artificial intelligence tools, particularly AI-driven vulnerability identification systems such as Claude Mythos. SEBI said such tools can accelerate Read More …
SimuPhish Introduces AI-Powered Cyber Risk Assessments to Address Human Risk
SimuPhish has introduced an experiential, artificial intelligence (AI)-powered approach to cyber risk assessments aimed at addressing one of the most challenging areas in cybersecurity: human behaviour risk. The solution focuses on helping organisations evaluate employee vulnerability to cyber threats through Read More …