One signal

RBI Governor Sanjay Malhotra says the central bank and banks are alert to cyber risks involving AI agents and are taking steps to identify and plug vulnerabilities in their IT systems, PTI reports via The Economic Times.

Malhotra said the RBI is in dialogue with banks and non-bank lenders about strengthening IT security. He described data security and protection against cyberattacks as priorities, with patching among the measures used to address vulnerabilities. The report also relays claims of AI agents attacking banks overseas, but does not establish those incidents. The actionable point is the regulator’s stated focus on security and patching, not proof that such attacks have occurred. AI agents are gaining attention in banking security; the basics, it seems, remain stubbornly relevant.

Discuss: Should banks have to disclose more about how they test AI agents before allowing them near customer accounts?

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