Europe must prevent misuse of Anthropic's Mythos, Bundesbank chie

Bundesbank President Joachim Nagel warns that Anthropic's Mythos AI model -- capable of rapidly identifying and exploiting software vulnerabilities -- poses new cyber risks and urges European institutions to gain access to prevent competitive imbalances.

Bundesbank Chief Warns Europe to Prevent Misuse of Anthropic's Mythos AI Model

Bundesbank President Raises Concerns Over AI and Financial Security

Potential Cyber Risks from Anthropic's Mythos

FRANKFURT, April 21 (Reuters) - Banking authorities must prevent the misuse of Anthropic's Mythos, its most advanced AI model to date, which opens the door to new and sophisticated cyber risks, Bundesbank President Joachim Nagel said on Tuesday.

Capabilities and Dangers of Mythos

"Mythos is an AI model that appears capable of quickly identifying and exploiting security vulnerabilities in financial institutions' software," Nagel said in a speech.

Double-Edged Sword: Security and Vulnerability

"However, this AI model seems to be a double-edged sword, since it could be used not only to improve digital security systems, but also to leverage their vulnerabilities for malicious purposes," he added.

Ensuring Fair Access to AI Technology

He added that all relevant institutions should have access to such technology to avoid competitive distortions.

(Reporting by Balazs Koranyi, Editing by Louise Heavens)