All articles tagged with #cyber risk
FSB Chair Andrew Bailey warns ahead of G20 FMCBG meetings that global markets remain vulnerable to a disorderly correction amid sovereign debt fragilities, private credit risks, and stretched asset valuations, with frontier AI introducing new cyber-risk factors; calls for resilience and global safeguards on safe, responsible AI deployment to protect market confidence.
Bank of England Governor Andrew Bailey, as chair of the Financial Stability Board, warns frontier AI models could dramatically accelerate cyber risks and potentially trigger disorderly global market corrections, urging governments to strengthen safeguards and firms to boost vulnerability management and incident response ahead of G20 discussions.
Canada’s banking regulator OSFI warned major banks and insurers that Anthropic’s Claude Mythos could heighten cyber threats by shrinking the window to detect and fix vulnerabilities, an April email revealed and OSFI later issued a public bulletin; Reuters obtained the information via an access-to-information request.
The US Treasury summoned the heads of major systemically important banks to Washington to discuss cybersecurity risks tied to Anthropic's Mythos AI model after a code leak revealed vulnerabilities; attendees included Goldman Sachs, Bank of America, Citigroup, Morgan Stanley, and Wells Fargo, with Jamie Dimon invited but unable to attend. Anthropic has restricted Mythos' release and the government has designated Anthropic as a supply-chain risk.