EU should seek access to Anthropic's Mythos, Bundesbank says
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
BERLIN, April 29 : European banks need to be given access to Anthropic's latest artificial intelligence model, Mythos, if they are to shield themselves against the threat of cyberattacks powered by this new breed of programmes, one of Germany's top financial regulators told Reuters.
Mythos, a model designed to find flaws in computer code, is viewed by cybersecurity experts as potentially turbo-charging attacks on banks' technology systems but so far it has only been made available to some U.S. banks.
The chief supervisor at Germany's Bundesbank, Michael Theurer, urged European Union authorities to request access to Mythos from Anthropic or from Donald Trump's U.S. administration.
"I consider it necessary that the European Commission and governments in Europe now also approach the company — or rather the United States — to request that the technology be shared," he told Reuters in an interview. "There has to be an official request so that we in Europe can also benefit from the insights."
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
Sources recently told Reuters Anthropic plans to provide access to its Mythos AI model to European banks soon.
Mythos' release to a selected group of companies, initially including just one bank, earlier this month raised alarm among regulators and policymakers across the world.
German banks and national authorities have been jointly examining risks around these models and European Central Bank supervisors, who are responsible for the euro zone's biggest lenders, have been quizzing bankers about their preparedness.
Theurer said his meetings with banks so far showed they were acutely aware of the possible threat from the new model but they could not "test which vulnerabilities it is capable of identifying" without getting access to it.
"We may be moving into an area in which economic actors could potentially become dependent on state assistance," Theurer said. "If you do not have access to this technology yourself, you naturally find yourself in very difficult waters."
Regulators' own ability to monitor and combat the risks posed by Mythos and similar models has been called into question, with a survey finding authorities significantly lag financial firms in AI adoption and lack data on emerging harms.
(Writing by Francesco Canepa in Frankfurt; Editing by Toby Chopra)
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app