artificial \u200cintelligence<\/a> technology ahead of the release of new AI \u200cmodels to the financial sector, Governor Fabio Panetta said in his annual keynote \u200bspeech on Friday.<\/p>\n\u2022 The central bank launched in recent days discussions with national authorities, financial players and their IT services providers on the subject, Panetta said.<\/p>\n
\u2022 Bank supervisors’ concerns over the \u200crisks linked to the \u2060spread of AI technology in the sector have recently focused on Anthropic’s Mythos model.<\/p>\n
\u2022 Contacts the Bank \u2060of Italy has established with companies such as Anthropic aim to ensure new AI models are properly implemented once they become \u200bpublicly accessible.<\/p>\n
\u2022 \u200bDesigned to find flaws in \u200bcomputer code to help \u200cbolster defences against cyberattacks, Mythos is seen by cybersecurity experts as capable of turbo-charging attacks on banks’ technology systems it aims to protect.<\/p>\n
\u2022 Banks are responsible for ensuring their systems’ protection and continuity, and if they use third-party providers, these companies \u200cbear the same responsibility, Panetta said.<\/p>\n
\u2022 He \u200burged banks to keep IT risks \u200bin check and draw \u200bup plans to quickly intervene when needed, using \u200cpart of their recent record \u200bprofits to support \u200bthe necessary investments.<\/p>\n
\u2022 The response cannot be purely technological but requires action by executive bodies which must set up \u200bsound governance and \u200ccontrol frameworks, assign clear responsibilities and draw up plans \u200bto intervene promptly when necessary, he said.<\/p>\n
(Reporting by Valentina \u200bZa, editing by Alvise Armellini)<\/p>\n","protected":false},"excerpt":{"rendered":"By Valentina Za ROME, May 29 (Reuters) – The Bank of Italy is in touch with global providers…\n","protected":false},"author":2,"featured_media":20623,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[537,6971,14856,14857,5],"class_list":["post-20622","post","type-post","status-publish","format-standard","has-post-thumbnail","category-italy","tag-artificial-intelligence","tag-bank-of-italy","tag-fabio-panetta","tag-global-providers","tag-italy"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/posts\/20622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/comments?post=20622"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/posts\/20622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/media\/20623"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/media?parent=20622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/categories?post=20622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/tags?post=20622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}