Bank Of Italy Reaches Out To AI Giants As Claude Mythos Poses Cybersecurity Risks

Claude Mythos is being perceived as a major threat by financial institutions and government bodies. In a recent development, the Bank of Italy has taken the initiative to trigger urgent talks with global artificial intelligence firms before frontier AI models make a debut in the financial sector. At his annual keynote address just a day ago, Central Bank of Italy 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. This Italian bank's conversations with firms like Anthropic are meant to ensure that the advanced AI systems are deployed in a safe and secure manner before they are rolled out for the masses. Furthermore,

Governor Panetta also made it clear that the responsibility for safety stops with the banks. For instance, if a bank chooses to outsource its technology to third-party providers, those tech firms carry the exact same burden of responsibility to keep data and money safe.Microsoft CEO Satya Nadella Wants To Fix Copilot Chaos, AI Super App On The Way? As per a Reuters report, the anxiety of the supervisors has been triggered because of Anthropic's Mythos AI model. Mythos has originally been designed for a positive cause, finding flaws in computer code to strengthen cyber defenses. However, multiple security experts have warned that it is nothing less than a double-edged sword. The model is so advanced that Anthropic ditched launching it for the masses without proper guardrails. Anthropic said that the model can be used as a weapon if it falls into evil hands. Panetta has asked all the executives to use the record profits to upgrade their digital defences. He also said that fixing the issue is not just about buying better software tools. He said that the response cannot be purely technological. Panetta has suggested that banks take clear responsibility and deploy strict internal rules and emergency plans to tackle cyberattacks.