‘Clock Is Ticking,’ ECB Warns Banks Over Mythos and AI Cyber Risks

The European Central Bank has summoned banks to a Tuesday session over cybersecurity dangers posed by Anthropic’s Claude Mythos and different superior AI fashions.

Frank Elderson, vice-chair of the ECB’s supervisory board, mentioned the regulator desires banks to speed up the rollout of software program patches to handle vulnerabilities.

Why Advanced AI Models Have Banks on Edge

Anthropic released the Claude Mythos Preview in April underneath Project Glasswing, a restricted program. Recent evaluations present the size of what Mythos uncovers. 

The UK’s AI Security Institute (AISI) discovered Mythos Preview cleared 73% of expert-level Capture the Flag (CTF) challenges. No AI model could pass that benchmark earlier than April 2025.

Mozilla shipped Firefox 150 with 271 patches for vulnerabilities discovered by the mannequin, far above prior Opus 4.6 outcomes.

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Elderson mentioned banks should speed up patch deployment as a result of attackers can now reverse-engineer fixes inside half-hour. He warned that ‘andante’ tempo is not sufficient.

“There is a complete vary of points on cyber safety that we’ve got been participating on with the banks for years, that are all nonetheless legitimate, however given the progress in AI, they should be handled quicker,” he told FT. “In musical phrases, I’d say andante could have been adequate, however we have to go to presto.”

The ECB supervises 111 of the largest banks within the Eurozone. Most European lenders sit outdoors Project Glasswing and lack direct entry to frontier fashions like Mythos.

Elderson desires US establishments attending Tuesday’s assembly to share testing insights with their Eurozone counterparts. He referred to as the entry hole ‘unlucky’ however mentioned it can’t justify inaction.

Whether finance can patch as rapidly as frontier AI surfaces new exploits could decide how establishments defend shopper funds within the close to future.

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