ECB convenes European banks to tackle cyber threat by Claude Mythos, IA at Anthropic

The European Central Bank has convened the continent's banks for a meeting, set for Tuesday 26 May, at which it will turn up the heat on the cyber threat to their It systems created by Claude Mythos, the new artificial intelligence model of Anthropic judged to be so powerful that it could 'breach' the protection standards currently in use.

In the meeting, the ECB intends - writes the Financial Times - to push the banks to accelerate a solution, including the need for US banks with more advanced technology to share information with European institutions. Anthropic has granted access to Mythos to a limited number of non-European, mainly US, organisations as part of the testing of the model called 'Project Glasswing'.

Frank Elderson, ECB board member vice-chairman of the Banking Supervisory Board, explained to the Ft that, given the speed of Ia-related cyber threats, these "need to be addressed faster" and on Tuesday "we intend to hear their assessments, get them to share their experiences, and emphasise the urgency of this issue". "It seems that if one of the big software vendors releases a patch, it is possible to reverse engineer the vulnerability that the patch is supposed to fix, not in weeks, but maybe in 30 minutes," Elderson explained. "This means that once a patch is released, a bank needs to have processes in place to make sure they apply these patches much faster than is currently the case under market practices."

The European Union must also guarantee a level of defence in the areas of technology, logistics and competitiveness, in addition to the military one. This is what Marco Falcone, MEP for Forza Italia (Ppe), told Adnkronos's "Voices from Parliament" Marco Falcone, on the sidelines of the plenary session of the Eurocamera, stressing that the European institutions are "rightly" investing a lot in technological sovereignty and in the area of cybersecurity. In this sense, 'the European Commission did well to ask to be able to check Mythos, that is, to be able to probe, monitor, these systems that could also be aggressive towards us,' Falcone noted. 'And this is because we must proceed instead to create our own system, in a principle of technological sovereignty that defends Europe and also makes it competitive against international competing players,' he adds.