May 13, 2026 4:01 PM
ECB urges banks to quickly prepare for AI-assisted cyberattacks
European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic's Mythos AI model or similar tools. Elderson, who is vice chair of the ECB's bank supervision arm, said in an interview in ECB publication Supervision Newsletter that euro area banks' lack of access to Mythos added to the severity of the issue. "Lack of access is not an excuse for inaction. On the contrary, it makes it eve...