Insurance Firms Sound Alarm Over Mythos AI Cyber Threat Ahead of IRDAI Deadline
मुख्य बातें
- •Insurance firms in India have raised concerns over a significant cyber threat - the AI-powered Mythos - ahead of the IRDAI deadline for cybersecurity assessment.
- •The IRDAI has mandated that insurers undergo a comprehensive cybersecurity assessment by the end of the fiscal year to enhance cyber preparedness.
- •The Mythos AI's potential to launch sophisticated cyber attacks on insurance companies has raised concerns due to its adaptive and evolving nature.
- •The sector's accelerated digitisation may be outpacing its cyber preparedness, leaving insurers vulnerable to cyber threats.
The Indian insurance sector is facing a pressing concern as several major insurers have raised the alarm over a significant cyber threat - the AI-powered Mythos - in the run-up to the deadline set by the Insurance Regulatory and Development Authority of India (IRDAI). IRDAI has mandated that insurers undergo a comprehensive cybersecurity assessment by the end of the fiscal year, highlighting the urgent need for the sector to enhance its cyber preparedness.
According to industry insiders, the Mythos AI has emerged as a major concern due to its potential to launch sophisticated cyber attacks on insurance companies. The AI's capabilities to adapt and evolve rapidly, making it challenging for insurers to keep pace with its evolving threats. This has led to concerns that the sector's accelerated digitisation may be outstripping its cyber preparedness.
