Australia’s big banks, super funds in high level talks over Anthropic’s Mythos risks
APRA and ASIC have urged corporate Australia to get their house in order as Anthropic’s new Mythos AI model raises new financial stability risks.
Australia’s largest banks, insurers and super funds are in live discussions with financial regulators over Anthropic’s powerful new model Mythos amid mounting fears it could be weaponised to exploit cybersecurity vulnerabilities.
The AI market leader last week granted 40 US companies early access to Mythos to give them a headstart in securing their systems before the model is released more widely.
The company behind Claude has openly warned that Mythos has the power to circumvent existing cybersecurity defences and if used by bad actors it could put financial stability at risk.
While early access to Mythos has not been granted in Australia, two of the country’s top financial regulators have been extensively engaging with the big banks and other market participants behind closed doors as they look to shore up their defences.
