The European Central Bank is to urge banks to speed up work to protect their IT systems, having summoned lenders to a meeting on Tuesday to discuss cyber security risks exposed by the latest AI models.
The ECB plans to stress the seriousness of the threat to the financial system revealed by Anthropic’s Claude Mythos Preview and similar AI models, while urging US banks that have been using the latest technology to share information with European rivals that lack such access.
“There is a whole range of issues on cyber security that we have been engaging on with the banks for years which are all still valid, but given the progress in AI, they need to be dealt with faster,” Frank Elderson, vice-chair of the ECB supervisory board that oversees banks, told the FT.