Europe must prevent misuse of Anthropic's Mythos, Bundesbank chief warns

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.

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

"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.

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

Reporting by Balazs Koranyi, Editing by Louise Heavens

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