Channel NewsAsia
AsiaPac · 20 mins ago
ECB tells banks to draw up plans against AI attacks amid disruption fears
FRANKFURT, July 7 : The European Central Bank on Tuesday gave euro zone banks four months to draw up plans to counter AI-enabled cyber threats that could undermine confidence in the financial system and disrupt payments. The move reflects mounting concern among regulators about advanced AI models such as Anthropic's Mythos whose cyber capabilities have become so powerful that access to some of them has been restricted — a limitation that currently excludes euro zone banks."These developments have potentially profound implications for the confidentiality, integrity and resilience of banks’ information and communication technology (ICT) systems," the ECB said in a letter to bank chief executives. It told banks to prioritise protecting internet-facing systems and other exposed technology asse
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