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Anthropic's Mythos sends US banks rushing to plug cyber holes
SummaryCompaniesMythos AI exposes scores of vulnerabilities that need fixingSmaller banks rely on data sharing from larger banks with Mythos accessExperts warn rapid AI-driven testing increases workload, may cause more frequent system outagesNEW YORK, May 12 (Reuters) - U.S. banks are rushing to fix scores of IT system weaknesses flagged by Anthropic’s powerful but costly Mythos AI tool, prompting urgent repairs, software upgrades and raising the possibility of disruption for customers.A handful of the country's largest lenders currently have access to Mythos, Reuters has previously reported, and are now uncovering issues the program is revealing, several sources familiar with the matter said. As they comb through the vulnerabilities, the larger banks are also helping inform smaller banks who do not have direct access to the tool so they can prepare their systems, those sources said. Mythos is viewed by cybersecurity experts as posing significant challenges to the banking industry and its legacy technology systems, prompting a series of warnings from regulators and policymakers. Sign up here."This is a wake-up call because cyber risk is moving to machine speed, while much of bank defense still operates at human speed," said Nitin Seth, co-founder & CEO of Incedo, a data, digital, and AI services firm. "It also breaks a long-standing assumption in banking security — that vulnerabilities can remain hidden for extended periods before they are discovered and weaponized."As Wall Street banks test Mythos, they are discovering that the model is expert at chaining together lower-risk vulnerabilities - or weaknesses - into a high-risk vulnerability, several of the sources said. That is triggering a rush to check that software is upgraded, said one of the sources at a major bank, and another person with knowledge of the findings.Mythos is particularly expert at finding vulnerabilities in proprietary and open-source code, putting banks under pressure to upgrade aging tech that is at the end of its software support, the source at one of the major banks said.Mythos is uncovering several hundred to thousands of vulnerabilities ranked low to moderate, which need to get fixed, the source with knowledge of the findings said, adding that the model is disruptive for banks because they have to perform the fixes at speeds never previously contemplated - in some cases patching in days vulnerabilities they may have previously waited weeks to patch.The increased workload c...
Anthropic's Mythos sends US banks rushing to plug cyber holes
US banks are rushing to fix scores of IT system weaknesses flagged by Anthropic's powerful but costly Mythos AI tool, prompting urgent repairs, software upgrades and raising the possibility of disruption for customers.A handful of the country's largest lenders currently have access to Mythos, Reuters has previously reported, and are now uncovering issues the program is revealing, several sources familiar with the matter said. As they comb through the vulnerabilities, the larger banks are also helping inform smaller banks who do not have direct access to the tool so they can prepare their systems, those sources said. Mythos is viewed by cybersecurity experts as posing significant challenges to the banking industry and its legacy technology systems, prompting a series of warnings from regulators and policymakers."This is a wake-up call because cyber risk is moving to machine speed, while much of bank defense still operates at human speed," said Nitin Seth, co-founder & CEO of Incedo, a data, digital, and AI services firm. "It also breaks a long-standing assumption in banking security - that vulnerabilities can remain hidden for extended periods before they are discovered and weaponized."As Wall Street banks test Mythos, they are discovering that the model is expert at chaining together lower-risk vulnerabilities - or weaknesses - into a high-risk vulnerability, several of the sources said. That is triggering a rush to check that software is upgraded, said one of the sources at a major bank, and another person with knowledge of the findings.Mythos is particularly expert at finding vulnerabilities in proprietary and open-source code, putting banks under pressure to upgrade aging tech that is at the end of its software support, the source at one of the major banks said.Mythos is uncovering several hundred to thousands of vulnerabilities ranked low to moderate, which need to get fixed, the source with knowledge of the findings said, adding that the model is disruptive for banks because they have to perform the fixes at speeds never previously contemplated - in some cases patching in days vulnerabilities they may have previously waited weeks to patch.The increased workload could result in banks having to take systems offline more frequently, said one of the people and another source. However, banks would look to do this in a way that causes minimal disruption, the second source said.One of the sources said that such rapid testing of AI products inclu...
ASIC Urges Financial Sector to Harden Cybersecurity Against Mythos
... Anthropic under a restricted `Project Glasswing` preview, has high-level coding capabilities and has been used in testing that found numerous vulnerabilities ...
Anthropic's Mythos Sends US Banks Rushing to Plug Cyber Holes
NEW YORK, May 12 (Reuters) - U.S. banks are rushing to fix scores of IT system weaknesses flagged by Anthropic's powerful but costly Mythos AI tool, prompting urgent repairs, software ...
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