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Banks draw up cyber defence strategies to tackle AI risks
Indian banks are bolstering cybersecurity with a four-pillar strategy against advanced AI threats. Focusing on code and identity protection, AI-driven threat detection, micro-segmentation, and zero-trust architecture, lenders aim to counter AI models that can autonomously find software flaws. Plans submitted to the RBI emphasize greater control over critical software and enhanced protection of digital keys and identities, preparing for a new era of cyber risks.
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economictimes.indiatimes.com
Banks draw up cyber defence strategies to tackle AI risks
Indian banks are bolstering cybersecurity with a four-pillar strategy against advanced AI threats. Focusing on code and identity protection, AI-driven threat detection,…
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gadgetsnow.indiatimes.com
How India's banks and insurers are using AI to rewire risk, revenue, and the customer relationship
India's financial sector is undergoing a profound AI-driven transformation, moving beyond traditional methods to intelligent operations. AI is revolutionizing fraud detection,…
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channelnewsasia.com
RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India's central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved…
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RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI…