SEBI forms cyber task force amid concerns over AI vulnerability tools
06 May 2026, 03:17 PMThe urgency to form the task force comes in the wake of Anthropic's controlled rollout of Mythos under a programme called Project Glasswing.
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The Securities and Exchange Board of India (SEBI) has warned exchanges, brokers and other market entities about risks from AI tools that can detect system vulnerabilities, saying they could impact data security and system reliability.
With an aim to tackle the issue, the markets regulator has formed a task force called “cyber-suraksha.ai”.
The task force will have representatives from market infrastructure institutions, registrars, and other regulated entities. Its mandate covers building a shared mitigation framework, exchanging threat intelligence, and keeping tabs on the cybersecurity health of third-party vendors connected to the financial ecosystem.
Alongside forming the task force, SEBI issued a sweeping advisory to all entities under its oversight. The guidance calls for immediate patching of systems, AI-assisted vulnerability assessments, tighter API controls, stronger user authentication, and thorough documentation of even minor system changes. Regulated entities are also being pushed to fast-track their onboarding onto centralised security operations platforms run by NSE and BSE, and to begin developing long-term roadmaps for using AI in both threat detection and autonomous response.
The urgency comes in the wake of Anthropic's controlled rollout of Mythos under a programme called Project Glasswing. Because the model can surface decades-old hidden flaws in power grids, banking systems, telecom networks, and defence infrastructure, governments worldwide including India have grown increasingly anxious about potential misuse.
The regulatory push aligns with broader government activity on the issue. Finance Minister Nirmala Sitharaman recently met with bank heads and senior RBI and NPCI officials to stress the need for heightened vigilance, while the Centre has reportedly opened talks with both the US government and Anthropic to explore a pathway for Indian organisations to access Mythos under controlled conditions.
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