Euro Banks Urged to Fortify Against Mythos AI Cyber Threats
Frank Elderson, European Central Bank board member, urges euro area banks to prepare for potential cyber threats facilitated by AI models like Anthropic's Mythos. Although euro banks lack direct access to Mythos, Elderson emphasizes the need for preemptive action. US banks, with early Mythos access, rush to address security vulnerabilities.
Frank Elderson, a member of the European Central Bank's board, has issued a call to action for euro area banks to quickly fortify themselves against possible cyberattacks driven by advanced AI models such as Anthropic's Mythos.
In an interview featured in the ECB's Supervision Newsletter, Elderson stressed that euro area banks currently do not have access to Mythos, but cautioned against inaction. He emphasized the urgency for banks to enhance their defensive measures, noting the sophistication of future AI threats.
U.S. banks, which have gained early access to Mythos, have already begun addressing numerous vulnerabilities. Elderson warned banks to be prepared for increasingly powerful AI models that could soon intensify cyberattack risks.
(With inputs from agencies.)
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