ECB tells Europe’s big banks to plan for AI cyber threats

The European Central Bank has instructed the euro area's largest banks to develop plans by October to defend against AI-driven cyber threats, highlighting risks from models like Anthropic's Claude Mythos that can rapidly identify software vulnerabilities. The ECB and the European Systemic Risk Board have raised systemic cyber risk levels due to frontier AI, urging faster software patching, infrastructure modernization, and increased oversight of external tech providers. This move underscores the