By Tom Sims
GERMANY’S banking regulator BaFin has warned that cyber risks are “growing” and “substantial” due to advances in AI, and announced a new division will conduct targeted inspections at financial firms.
The emergence of Anthropic’s Mythos has set up a scramble from the global banking industry to gain access and test the technology as regulators rush to examine the cybersecurity risks the new artificial intelligence model raises and how prepared financial firms are to tackle them.
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