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From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.
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Recent Editions
Risk Channel
North America
U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned major bank chiefs to a meeting in Washington this week to warn of cyber risks posed by Anthropic's latest AI model. Anthropic launched the powerful Claude Mythos model earlier this week to a small number of businesses, including Amazon, Apple and Microsoft, but held back on a broader release, citing concerns that the model could expose previously unknown cybersecurity vulnerabilities. A blogpost published by Anthropic at the beginning of the month said that AI models had surpassed “all but the most skilled humans at finding and exploiting software vulnerabilities,” adding: “The fallout – for economies, public safety, and national security – could be severe.” The Treasury-hosted meeting aimed to ensure banks are aware of the risks posed by Mythos and similar models and are taking steps to defend their systems, a source said.
Full Issue
Risk Channel
UK/Europe
EU economy commissioner Valdis Dombrovskis says the bloc will still be hit by a “stagflationary shock” of low growth and rising inflation despite the US and Iran agreeing a two-week ceasefire. He indicated that the European Commission will likely revise its growth forecast downwards due to the ongoing uncertainty from the Middle East conflict. Current estimates suggest growth could slow by up to 0.6% this year and next, while inflation may rise by as much as 1.5%. Dombrovskis stressed the need for temporary, targeted measures to avoid a fiscal crisis, saying: "We have more limited room for fiscal manoeuvre than we used to have." The Commission will update its GDP forecast in May.
Full Issue
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