ECB urging action on AI from lenders’ IT departments

The ECB in Franfurt, Germany. Image: © European Central Bank

The emergence of Anthropic’s Mythos has sparked wide-ranging concern about potential threats posed by it and other similar AI models.

The European Central Bank (ECB) is to urge quicker action on improving the IT security of lending organisations amid evolving AI threats when it summons representatives to a meeting tomorrow (26 May), according to the Financial Times (FT).

“This is something that is game-changing. We want banks to look into this seriously. The clock is ticking,” Frank Elderson, vice-chair of the ECB supervisory board that oversees banks, told the FT.

The emergence in April of Anthropic’s Mythos AI model, with its high levels of capability in finding and exploiting cybersecurity weaknesses in browsers and operating systems, has sparked wide-ranging concern about potential threats posed by it and other similar models.