Anthropic will reportedly meet with financial regulators about cyber defense weaknesses uncovered by its artificial intelligence model.
The AI startup agreed to meet with members of the Financial Stability Board (FSB) to discuss Anthropic’s Mythos model, the Financial Times reported Monday (May 18).
The meeting was requested by Bank of England Governor Andrew Bailey, who is also a member of the FSB, a watchdog group of finance ministry officials, central bankers and securities regulators from G20 countries, the report said.
Many FSB members have grown concerned that Mythos and AI models from other tech companies in the United States could expose weaknesses in banks’ cyber defenses, according to the report.
Anthropic said last month that Mythos had “found thousands of high-severity vulnerabilities, including some in every major operating system and web browser,” adding that the fallout “for economies, public safety and national security—could be severe,” per the report.
Only a handful of companies, most in the U.S., have gotten access to Mythos due to security concerns. This has left many organizations and regulators concerned about uneven protection levels, the report said.
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Among the companies that have been granted access are Amazon, Microsoft and JPMorgan Chase, according to the report. Anthropic has agreed to keep distribution limited per a request from the White House.
The FSB is putting together a report on “sound practices” for adopting AI in the financial system, which it aims to release for consultation in June, the report said.
Other regulators are also expressing concerns. The International Monetary Fund warned this month that AI-driven cyber risk should be considered a financial stability issue because attacks can impact payment systems, confidence and liquidity at the same time.
AI is “compressing the cost and skill required to turn hacking into a scale business,” PYMNTS reported last week.
Google researchers described May 11 what they believe to be the first observed case of an AI-developed zero-day exploit tied to a planned mass exploitation campaign. It’s an event that security analysts inside and outside Google see as a sign of a larger transition toward an industrial-scale cyber threat landscape.
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