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The Securities and Exchange Board of India (SEBI) is preparing to issue a formal advisory to market intermediaries regarding AI risks, specifically highlighting the dangers posed by AI-based vulnerability detection tools. In a significant escalation, the regulator has established a formal task force dedicated to countering AI-related cyber threats and safeguarding market infrastructure. This move aims to mitigate systemic risks introduced by advanced technologies such as Anthropic's Mythos. According to Reuters, SEBI's proactive stance ensures that Fintech institutions comply with rigorous security standards amid rapid technological adoption. The initiative reflects a broader global trend of tightening oversight on advanced technology within financial services. The new task force is expected to focus on managing vulnerabilities linked to automation and generative AI to maintain market integrity.
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