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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
The Bank of England’s head of risk, Duncan Mackinnon, is to meet top bank and insurance bosses to outline the threat posed by Claude Mythos, the new AI system from Anthropic. Officials from the UK's Treasury, the Financial Conduct Authority and the National Cyber Security Centre will also attend. Mythos is currently deemed too dangerous for public release amid fears the AI model could breach the IT security of the financial system, and experts are working with Anthropic to help develop defences against it. The UK warning comes after US Treasury secretary Scott Bessent last week summoned the leaders of some of the largest US banks to discuss the risk posed by Anthropic’s latest AI model. JPMorgan Chase, Goldman Sachs, Citigroup, Bank of America and Morgan Stanley are among the banks testing the technology internally, according to Bloomberg.
Full Issue
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