Federal Reserve and Treasury Convene with Bank CEOs Over AI Cyber Threat
Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent convened an urgent meeting with the CEOs of major U.S. banks this week. The purpose of the meeting was to discuss the cybersecurity risks posed by Anthropic’s new AI model, Mythos.
The high-level meeting, held at the Treasury headquarters in Washington on Tuesday, brought together leaders from the following banks:
- Citigroup
- Morgan Stanley
- Bank of America
- Wells Fargo
- Goldman Sachs
Notably, JPMorgan CEO Jamie Dimon was invited but unable to attend.
Anthropic recently launched its Claude Mythos Preview model as part of Project Glasswing, a limited cybersecurity initiative involving about 40 organizations. The AI model has demonstrated unprecedented capabilities in finding software vulnerabilities, including discovering thousands of zero-day flaws in major operating systems and web browsers—some dating back 27 years.
“AI models have reached a level of coding capability where they can surpass all but the most skilled humans at finding and exploiting software vulnerabilities,” Anthropic warned in its announcement.
The company is restricting access to the model due to concerns that hackers could exploit its capabilities to attack financial systems faster than banks can defend them.
Partner organizations include:
- Apple
- Microsoft
- Amazon
- JPMorgan Chase
These organizations will use the technology defensively to secure critical software infrastructure before similar capabilities become widely available.
Source: CNBC