The few large banks that have access to Anthropic’s Mythos are uncovering vulnerabilities in their IT systems and are sharing information with smaller banks that don’t have access to the artificial intelligence model, Reuters reported Tuesday (May 12), citing unnamed sources. One thing the banks...
The enterprise software industry has long held on to the traditional assumption that while bugs are common, the expertise to exploit them, particularly at scale, is rare. That scarcity has helped keep digital risk manageable, if never fully contained. But a new report from Google...
Google Threat Intelligence Group (GTIG) said Monday (May 11) that it identified and may have prevented the use of the first zero-day exploit developed with artificial intelligence. Writing in the latest GTIG AI Threat Tracker, which was released Monday (May 11), GTIG said a criminal...
A European Central Bank official wants bankers to test their infrastructure for artificial intelligence-related threats. That warning came from European Central Bank Governing Council member José Luis Escrivá, who spoke at an event in the Spanish city of Tarragona on Saturday (May 9). “Recent developments...
The Office of the Comptroller of the Currency highlighted artificial intelligence as both a risk and an opportunity for innovation in its spring 2026 Semiannual Risk Perspective. AI is one of several key issues facing banks surveyed in the report released Thursday (May 7). “Artificial...
At a time of rapidly accelerating cyber risk driven by artificial intelligence, cybersecurity is a core financial stability issue and should be treated as such by policymakers, the International Monetary Fund (IMF) said in a Thursday (May 7) blog post. Because attacks are becoming faster,...
The Federal Trade Commission (FTC) is warning consumers to beware of text messages that demand money for unpaid tolls as well as new online friends or love interests who suddenly ask for money. These are two common imposter scams, a type of scam that has been the subject of...
The public narrative around third-party cyber risk has traditionally focused on downstream fallout. When a software provider or financial services vendor suffered a breach, attention typically shifted to the large enterprises exposed through the compromise. Those narratives assumed cyberattacks were episodic. Companies largely delegated responses...
Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (May 5) that she is raising consumer fraud as a priority issue for the Fed. In a speech delivered at the annual Women in Housing and Finance Symposium in Washington, D.C., Bowman said that...