Japan is establishing a new financial cybersecurity task force to address rising concerns over artificial intelligence-related security risks in its financial system, according to Finance Minister Satsuki Katayama. <\/p>\n
The decision was made during a high-level meeting involving the Financial Services Agency (Japan), the Bank of Japan, the National Cybersecurity Office, major domestic banks, and the Japan Exchange Group, News.Az<\/a> reports, citing Reuters<\/a>.<\/p>\n Officials said the move comes amid growing concern about vulnerabilities linked to advanced artificial intelligence systems and their potential impact on critical financial infrastructure.<\/p>\n Katayama described the situation as an urgent risk, warning that cyber threats affecting financial systems could quickly escalate into broader market disruptions.<\/p>\n Concerns have intensified following reports about the capabilities of the AI model \u201cMythos\u201d developed by Anthropic<\/a>, which reportedly identified thousands of vulnerabilities across major operating systems and web browsers in early testing.<\/p>\n Security experts warn that advanced AI tools may significantly accelerate the discovery and exploitation of software weaknesses, potentially outpacing the ability of institutions to respond with patches and fixes.<\/p>\n Banks are considered particularly exposed due to their reliance on highly interconnected, often legacy systems that are increasingly targeted by sophisticated cyberattacks.<\/p>\n Regulators in Asia, Europe, and the United States have also urged financial institutions to strengthen their cybersecurity defences and prepare for AI-driven threats.<\/p>\n While no breaches linked to the model have been reported so far, officials say the risk landscape is evolving rapidly as AI capabilities expand.<\/p>\n Authorities emphasized that the interconnected nature of financial markets means that any major cyber incident could spread quickly and impact investor confidence and market stability.<\/p>\n