The Indian government has established a panel to evaluate the risks posed by the AI platform Mythos, led by C S Setty, Chairman of the State Bank of India (SBI). Finance Minister Nirmala Sitharaman announced this initiative during the inauguration of SBI's new local head office. The panel aims to assess potential vulnerabilities in the banking sector arising from Mythos, which has advanced coding capabilities that could identify and exploit cybersecurity weaknesses. Sitharaman noted that while Mythos has so far protected customers, its capabilities may challenge existing defenses. The government is engaging with banks to determine necessary investments in technology and to explore how AI can be leveraged to counter these emerging threats. Global regulators have already warned financial institutions to strengthen their cybersecurity measures, as the interconnected nature of banking systems makes them particularly susceptible to cyberattacks. A successful breach could have cascading effects across markets and institutions, highlighting the urgency of this initiative.