According to the minister of finance, India will work towards establishing a robust mechanism for real-time threat intelligence sharing among banks, the Indian Computer Emergency Response Team (CERT-In) and other agencies to identify emerging risks and enable swift dissemination across the ecosystem.
The finance minister, along with the union minister for electronics and IT, held discussions with representatives of scheduled commercial banks and other stakeholders to assess the potential impact of emerging threats linked to recent developments in artificial intelligence (AI) models, particularly their possible misuse to exploit software vulnerabilities.
She noted that the nature of threats arising from advanced AI models is unprecedented, requiring heightened vigilance, preparedness and stronger coordination across financial institutions.
The minister advised the Indian Banks’ Association to establish a coordinated institutional mechanism to respond quickly and effectively to such risks. Banks were also directed to engage top cybersecurity professionals and specialised agencies to strengthen their defence and monitoring systems.
Emphasising proactive measures, she urged banks to secure their IT infrastructure, protect customer data and safeguard financial assets against potential threats.
Banks were further instructed to promptly report any suspicious activity or cyber incidents to relevant authorities, including CERT-In, and to maintain close coordination with all concerned agencies.
