New test for banks: AI-driven vulnerabilities shift cyber threats from isolated breaches to system-wide shocks

Finance Minister Nirmala Sitharaman’s meeting with bank chiefs last week is best read as an early signal that artificial intelligence (AI)-led cyber risk is moving out of information technology operations and into the core of financial stability. The reference to an “unprecedented” threat, even without naming specific systems such as those being developed by Anthropic, marks a shift in official thinking.