How Anthropic's Mythos pushed Bank of Italy to talk with tech companies over hacking risks

The Bank of Italy is proactively engaging with global AI firms, including Anthropic, to address escalating cybersecurity risks before advanced AI models enter the financial sector. Governor Fabio Panetta stressed that banks, not just tech providers, bear full responsibility for data and money safety, urging executives to invest in robust digital defenses and comprehensive emergency plans.

The Bank of Italy has stepped up to tackle growing cybersecurity risks, launching urgent talks with global artificial intelligence (AI) companies before powerful new AI models are introduced to the financial sector. Speaking at his annual keynote address on Friday (May 29), Central Bank Governor Fabio Panetta revealed that the regulator has recently started discussions with national authorities, banks and their tech providers to get ahead of the potential dangers.

The Bank of Italy's talks with companies like Anthropic are meant to ensure that these advanced systems are implemented safely and securely before they become widely available to the public. Governor Panetta made it clear that the responsibility for safety stops with the banks. If a bank chooses to outsource its technology to third-party tech providers, those companies carry the exact same burden of responsibility to keep data and money safe.