TL;DRThe ECB is convening banks on Tuesday to address cybersecurity risks from AI models like Anthropic’s Mythos, which has found thousands of zero-day vulnerabilities. Executive board member Frank Elderson says banks must patch faster because AI can exploit flaws within minutes of a fix’s release.
The European Central Bank is calling banks in for a meeting on Tuesday to address the cybersecurity risks created by a new generation of AI models that can find and exploit software vulnerabilities faster than any human team. The meeting follows months of growing anxiety across European finance about Anthropic’s Claude Mythos Preview, the frontier AI model that has identified thousands of zero-day flaws across major operating systems and browsers.
ECB Executive Board member Frank Elderson told the Financial Times that banks need to accelerate work that has been under way for years. “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,” he said.
The central bank plans to warn lenders about the specific threats posed by Mythos and similar AI systems. It will also ask US banks that have access to the technology, through Anthropic’s controlled distribution programme called Project Glasswing, to share what they have learned with European peers who remain locked out.
