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US Officials Warn Banks Over Risks From Anthropic AI Model

US officials warned bank executives that Anthropic’s AI model poses serious cybersecurity risks and potential financial system vulnerabilities

US Treasury Secretary Scott Bessent and Jerome Powell Federal Reserve Chair have warned top bank executives about potential cybersecurity risks linked to a powerful new artificial intelligence model developed by Anthrophic

US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting in Washington with major bank CEOs this week, cautioning them about emerging cyber threats posed by Anthropic’s newly unveiled Mythos model, according to sources familiar with the matter.

Anthropic launched the advanced AI system earlier this week but stopped short of a full public release, citing concerns that it could expose previously unknown vulnerabilities in digital systems. The company has said the model is capable of identifying and exploiting weaknesses across major operating systems and web browsers.

Officials said Anthropic has been in active discussions with US government agencies regarding the model’s offensive and defensive cyber capabilities.

The company also briefed senior government officials and key industry players ahead of the model’s rollout.

The Treasury-hosted meeting aimed to ensure financial institutions are aware of the risks associated with such advanced AI tools and are strengthening their cybersecurity defenses.

Executives from leading banks including Citigroup,Morgan Stanley,Bank of America, Wells Fargo and Goldman Sachs were reported to be in attendance, while Jamie Dimon was unable to join.

Anthropic said access to the Mythos model will be restricted to a limited group of around 40 technology firms, including Microsoft and Google as part of efforts to manage potential risks.

Goodness Anunobi

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