ECB to Scrutinize AI Cybersecurity Risks in Banking. European regulators are intensifying oversight of Anthropic's new Mythos AI model, which cybersecurity experts warn could dramatically increase cyberattack capabilities against financial institutions. The ECB will question banks about their preparedness for this emerging threat through regular supervisory discussions. Mythos demonstrates unprecedented ability to identify vulnerabilities and write exploit code at scale, prompting the U.S. Federal Reserve and Treasury to convene urgent meetings with bank executives. President Trump has backed government safeguards, while Britain's officials warned Mythos is substantially more capable at cyber offense than any previously tested model. The AI industry is responding through Project Glasswing, allowing major tech companies and financial institutions to privately evaluate defenses.
