India's markets regulator sets up task force to tackle AI-driven cyber threats

May 5 (Reuters) - India’s markets regulator on Tuesday issued an advisory on emerging AI-driven vulnerability detection tools, warning that their use could introduce new cybersecurity risks for regulated entities.

 

Here are some details: 

 

• The Securities and Exchange Board of India has constituted a task force to assess emerging threats posed by such AI-based models.

 

• The task force will examine the cyber risks associated with these tools and devise a uniform mitigation strategy.

 

• It will also report cyber incidents, malicious activities and system vulnerabilities to strengthen the cybersecurity framework of India’s securities markets.

 

• SEBI has directed market infrastructure institutes and other intermediaries to report cyberattacks, vulnerabilities and malicious activities on a priority basis.

 

(Reporting by Abinaya V in Bengaluru; Editing by Shilpi Majumdar)