R
India's Punjab National Bank is significantly increasing its cybersecurity investments, allocating about 20% of its technology budget, or approximately $73.5 million to $84 million, to combat rising digital threats, particularly from advanced AI, amid heightened regulatory scrutiny and a focus on enhancing its security measures. #Cybersecurity #DigitalTransformation #BankingInnovation #IN
www.reuters.com
India's PNB hikes cybersecurity spend as AI models including Anthropic's Mythos raise risks
BENGALURU/MUMBAI, May 5 (Reuters) - India's Punjab National Bank is stepping up investments in cybersecurity and accelerating procurement of technology to guard against rising digital threats including those from advanced AI models, a senior executive said on Tuesday.