On Friday, Barclays PLC CEO CS Venkatakrishnan warned that a powerful new AI model from Anthropic could significantly heighten cyber risks across the global banking system.<\/p>\n
Speaking at a G30 consultancy group meeting during the IMF spring gatherings, Venkatakrishnan described the frontier model, Mythos, as \u201ca serious issue,” citing its advanced coding capabilities, Reuters reported.<\/p>\n
He said the AI can potentially identify vulnerabilities in financial systems and even suggest ways to exploit them, posing unprecedented risks to banks.<\/p>\n
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Venkatakrishnan cautioned that Mythos is just the beginning. “There will be a Mythos 2 and a Mythos 3,” he said, adding that increasingly powerful systems could emerge rapidly.<\/p>\n
“We have to understand its capabilities and we have to understand how to safeguard against it,” he added.<\/p>\n
Earlier, ARK Invest highlighted Mythos’ standout performance \u2014 scoring 93.9% on SWE-bench Verified and 83.1% on CyberGym \u2014 as evidence of a significant leap forward in both software engineering and cybersecurity capabilities.<\/p>\n
The firm added that it does not see “Project Glasswing” as a threat to established cybersecurity players.<\/p>\n
Instead, it believes the initiative could boost demand for real-time protection solutions offered by companies such as CrowdStrike Holdings, Cloudflare Inc. and Rubrik Inc..<\/p>\n