US Officials Summon Wall Street Banks to Address Anthropic's Mythos AI Cyber Risks

Wall Street Banks Try Out Anthropic's Mythos as US Urges Testing

Wall Street banks are starting to test Anthropic PBC's Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities. While JPMorgan Chase & Co. was the only bank named as part of an initiative to test the Mythos model, other major financial institutions have also gained access or expect to in the coming days, according to people familiar with the matter. Goldman Sachs Group Inc., Citigroup Inc., Bank of America Corp. and Morgan Stanley are among the banks testing the technology internally, the people said. Those firms either declined to comment or had no immediate response. During the meeting with Wall Street leaders, summoned by US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell, executives were warned that they should take the Mythos model seriously and deploy its capabilities to detect vulnerabilities, the people said, asking not to be identified because the information isn't public. Government officials didn't raise any specific threat to financial institutions and more generally encouraged the banks to run the model against their own systems to improve their own defenses, they said. Bloomberg reported earlier that Bessent and Powell had assembled the group of banking executives on April 7 at Treasury's headquarters in Washington on short notice to ensure that banks were aware of possible risks raised by Anthropic's Mythos and similar models. The executives were in town already for a meeting of the Financial Services Forum, an advocacy group made up of the biggest lenders. A representative from the Treasury Department didn't respond to a request for comment. A Federal Reserve spokesperson had no immediate comment. The urging by Trump officials underscores the concern growing among regulators that a new breed of cyberattacks is one of the biggest risks facing the financial industry. All the banks summoned to the meeting are classified as systemically important by top regulators, meaning their stability is a priority for the global financial system. Anthropic has said that it has been in discussions prior to its recent release with US officials about Mythos and its "offensive and defensive cyber capabilities." The company has limited the release of Mythos to a few dozen firms initially. Those companies, which include JPMorgan, Amazon.com Inc. and Apple Inc., are part of what's being called "Project Glasswing," which will work to secure the most important systems before other similar AI models become available. In releasing Mythos to a very limited set of companies, Anthropic pointed to several vulnerabilities that the AI system was capable of both identifying and potentially exploiting during testing. None of the examples related specifically to financial institutions, but in one instance, the firm's security team said it was able to compromise a web browser so that a website set up by a hacker could read data from another website "e.g., the victim's bank." Mythos Preview "fully autonomously discovered" a way of reading information stored in "multiple different web browsers" and then used that ability to find ways to exploit them, according to a post from Anthropic's security team. Get the Tech Newsletter bundle. Get the Tech Newsletter bundle. Get the Tech Newsletter bundle. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Plus Signed UpPlus Sign UpPlus Sign Up By continuing, I agree to the Privacy Policy and Terms of Service. In one case, Anthropic said, Mythos found a means of exploiting web browsers that utilized multiple vulnerabilities. That tactic often represents a challenge for human hackers who struggle to find and exploit multiple flaws at once. So-called vulnerability chains can serve as pathways into otherwise highly secure systems, such as in the Stuxnet hack that damaged centrifuges at an Iranian nuclear facility. Anthropic has separately been battling the Trump administration in court. The Pentagon had labeled the company as a supply-chain risk, a designation that Anthropic has opposed. Earlier this week, a federal appeals court declined, at least for now, Anthropic's request that it put a pause to the Pentagon's designation. National Economic Council Director Kevin Hassett said during an interview with Fox News that there's a sense of urgency as US officials push banks to improve their digital defenses with AI technology. "It was appropriate that Secretary Bessent do what he did," he said of the meeting with Wall Street leaders. "We're taking every step we can to make sure that everybody is safe from these potential risks, including Anthropic agreeing to hold back the public release of the model until our officials have figured everything out," he said. In recent years, regulators have required banks to hold some capital tied to the potential for cyberattacks, as well as other so-called operational risks such as lawsuits and rogue employees. Banks have sometimes chafed at those requirements, given that operational risk is more difficult to measure than the market and credit risks that also factor into banks' capital levels.

Bessent, Powell warn bank CEOs about Anthropic model risks, Bloomberg News reports

April 9 (Reuters) - U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank executives on Tuesday to warn ⁠them about the cyber risks raised by Anthropic's latest AI model, Bloomberg News reported, citing sources. The meeting at the Treasury Department in Washington aimed to ensure banks are ⁠aware of potential risks posed by Anthropic's Mythos and similar models, and are taking steps to ⁠defend their systems, the report said on Thursday. Reuters could ⁠not immediately verify the report. Reporting ⁠by Carlos Méndez in Mexico City; Editing by Sumana Nandy Our Standards: The Thomson Reuters Trust Principles., opens new tab

Scott Bessent called in US bank CEOs to discuss Anthropic model's cyber risks

US Treasury secretary Scott Bessent summoned the leaders of some of the largest US banks earlier this week to discuss the cyber risk posed by the latest AI model from Anthropic, according to people familiar with the matter. The meeting was attended by the leaders of Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo, the people said, who were already in Washington for a meeting of the banking lobby group. JPMorgan Chase chief executive Jamie Dimon was invited to the conversation with Bessent but could not attend. The meeting, attended by Federal Reserve chair Jay Powell, was first reported by Bloomberg. The summons from the Treasury secretary underscores the concerns inside the Trump administration over the capabilities of Anthropic's latest model because of its advanced ability to detect cyber security vulnerabilities that could be exploited by bad actors. Executives have been warning for years of the cyber risks facing the financial system. In his annual letter published this week, Dimon wrote that it "remains one of our biggest risks" and that "AI will almost surely make this risk worse" and would require significant investment for defence. Anthropic on Tuesday released the model, dubbed Claude Mythos Preview, to a select group of partners, including Amazon, Apple and Microsoft, to give them a "head start on being able to secure vulnerabilities". Mythos, which is a "general purpose" model with capabilities beyond cyber security, marked the first time Anthropic had limited the launch of a new model. "AI models have reached a level of coding capability where they can surpass all but the most skilled humans at finding and exploiting software vulnerabilities," Anthropic said in a statement announcing the release. It added that Mythos had already found thousands of severe vulnerabilities, including in "every major operating system and web browser", some of which had been undetected for decades. Anthropic said it has held talks with US government officials about the model's "offensive and defensive cyber capabilities". The limited release of Mythos came after two incidents where data from the start-up leaked online -- including documents related to Mythos and the underlying code for its Claude assistant -- raising concerns about Anthropic's security. The company blamed human error for the incidents. Anthropic declined to comment on the bank CEOs meeting. The Federal Reserve, JPMorgan, Goldman Sachs, Bank of America and Wells Fargo declined to comment. The Treasury, Citibank and Morgan Stanley did not respond.

Powell, Bessent discussed Anthropic's Mythos AI cyber threat with major U.S. banks

Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with major U.S. bank CEOs this week to discuss the possible cyber risks raised by Anthropic's Mythos model, CNBC confirmed Friday. The bank heads were already in Washington, D.C., for another meeting, but a special gathering was called to discuss Mythos, according to a person familiar with the matter, who asked not to be named in order to share information about a confidential matter. Earlier this week, Anthropic rolled out the new artificial intelligence model in a limited capacity over concerns that hackers could exploit its capabilities. Anthropic did not immediately respond to CNBC's request for comment.

Bank of Canada, Major Lenders Meet on Anthropic AI Cyber Risk

The Bank of Canada and the country's major banks and financial firms met Friday to discuss cybersecurity risks raised by Anthropic PBC's latest artificial intelligence model. The gathering followed a similar move by US policymakers earlier in the week. Bloomberg News reported Thursday that US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders for an urgent discussion about Anthropic's Mythos and similar AI models. The executives included Citigroup Inc.'s Jane Fraser and Goldman Sachs Group Inc.'s David Solomon. The Canadian meeting involved members of a body known as the Canadian Financial Sector Resiliency Group. It includes representatives from the six largest domestic banks, the federal Finance department, financial regulatory agencies, the parent company of the Toronto Stock Exchange and other firms. It's another signal of the growing concern among regulators globally that more powerful AI models will lead to a new breed of cyber attacks against the financial industry. A spokesperson for Finance Minister François-Philippe Champagne confirmed the meeting took place on Friday. "The Bank of Canada is aware of this issue. We take cybersecurity very seriously," Paul Badertscher, a spokesperson for the central bank, said by email. The CFSRG's mandate is to "enhance the operational resilience of Canada's critical financial sector."

Anthropic Model Scare Sparks Urgent Bessent, Powell Warning to Bank CEOs

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic PBC will usher in an era of greater cyber risk. Bessent and Powell assembled the group at Treasury's headquarters in Washington on Tuesday to make sure banks are aware of possible future risks raised by Anthropic's Mythos and potential similar models, and are taking precautions to defend their systems, according to people familiar with the matter who asked not to be identified citing the private discussions. A representative for the Treasury didn't immediately respond to a request for comment. A spokesperson for the Fed declined to comment. The previously unreported meeting, arranged on short notice, is another sign that regulators consider the possibility of a new breed of cyber attacks as one of the biggest risks facing the financial industry. All the banks summoned to the meeting are classified as systemically important by top regulators, meaning their stability is a priority for the global financial system. Anthropic's Mythos is a more powerful system that the AI firm has said is capable of identifying and then exploiting vulnerabilities in every major operating system and web browser when directed by a user to do so. Get the Tech Newsletter bundle. Get the Tech Newsletter bundle. Get the Tech Newsletter bundle. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Bloomberg's subscriber-only tech newsletters, and full access to all the articles they feature. Plus Signed UpPlus Sign UpPlus Sign Up By continuing, I agree to the Privacy Policy and Terms of Service. Regulators' caution about the power of the model in hackers' hands echoes Anthropic's own prudence. Anthropic has limited the release of it to just a few major technology and finance firms at first. Those companies, which include Amazon.com Inc. and Apple Inc. as well as JPMorgan Chase & Co., are part of "Project Glasswing," which will work to secure the most important systems before other similar AI models become available. Anthropic has said that it has been in discussions prior to its recent release with US officials about Mythos and its "offensive and defensive cyber capabilities." Chief executive officers summoned to the meeting with the Fed and Treasury include Citigroup Inc.'s Jane Fraser, Morgan Stanley's Ted Pick, Bank of America Corp.'s Brian Moynihan, Wells Fargo & Co.'s Charlie Scharf, and Goldman Sachs Group Inc.'s David Solomon, said the people. JPMorgan's Jamie Dimon was unable to attend, the people said. Spokespeople for the banks declined to comment. A representative for Anthropic had no immediate comment. Anthropic has separately been battling the Trump administration in court. The Pentagon had labeled the company as a supply-chain risk, a designation that Anthropic has opposed. Earlier this week, a federal appeals court declined, at least for now, Anthropic's request that it put a pause to the Pentagon's designation.

US summoned bank bosses to discuss cyber risks posed by Anthropic's latest AI model

Reports say Fed chair Jerome Powell among attenders at meeting in Washington The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic's latest AI model, according to reports. Bosses including the Federal Reserve chair, Jerome Powell, were said to have gathered at the Treasury headquarters for the meeting after the release of the Claude Mythos AI model that Anthropic says poses unprecedented cybersecurity risks. A recent leak of Claude's code prompted the startup to release a blogpost at the beginning of the month saying that AI models had surpassed "all but the most skilled humans at finding and exploiting software vulnerabilities", adding: "The fallout - for economies, public safety, and national security - could be severe." This week's meeting was reportedly called while bank bosses were already in Washington for a lobby group meeting, with a guest list focused on heads of systemically important banks - meaning regulators believe a major disruption to their operations, or their potential collapse, would put financial stability at risk. Attenders included the Goldman Sachs chief executive, David Solomon, Bank of America's Brian Moynihan, Citigroup's Jane Fraser, Morgan Stanley's Ted Pick and the Wells Fargo boss Charlie Scharf, according to Bloomberg, which first reported details of the meeting. JP Morgan's Jamie Dimon was invited but unable to attend. In an annual letter to shareholders, published earlier this week, Dimon warned that cybersecurity "remains one of our biggest risks" and that "AI will almost surely make this risk worse". Anthropic has said that its Mythos model, yet to be shared with the public, has exposed thousands of vulnerabilities in software and popular applications, prompting it to limit the release of the new model to a small clutch of businesses, including Amazon, Apple and Microsoft. It marks the first time Anthropic has restricted the release of any of its products. The networking companies Cisco and Broadcom have also gained access, along with the Linux Foundation, which promotes the free, open-source Linux computer operating system. It comes amid concerns that hackers could end up using such tools for figuring out passwords or cracking encryption that is intended to keep data safe. The company said the oldest of the vulnerabilities uncovered by Mythos were up to 27 years old, none of which are believed to have been noticed by their creators or tech monitors before being identified by the AI mode. The meeting comes weeks after the US government designated Anthropic as a supply chain risk, allegations that Anthropic is fighting in court. The Federal Reserve, Anthropic and the US banks declined requests for comment from Bloomberg. The Treasury did not respond to the news outlet's request for comment.

The AI that found 27-year-old vulnerabilities no human ever caught before just forced an emergency meeting with every major Wall Street CEO | Fortune

Treasury Secretary Scott Bessent and Fed chair Jerome Powell reportedly convened Wall Street leaders on Tuesday in an emergency meeting on concerns about Anthropic's latest AI model, flagging concerns about a greater cybersecurity risk. Bessent and Powell assembled the group of high-powered execs at the Treasury's headquarters to ensure banks were aware of the cyber risks presented by Anthropic's new model, Mythos, and similar future models, reported Bloomberg and Financial Times. Sources who spoke to Bloomberg said those in attendance included Citigroup CEO Jane Fraser, Morgan Stanley CEO Ted Pick, Bank of America CEO Brian Moynihan, Wells Fargo CEO Charlie Scharf, and Goldman Sachs CEO David Solomon. JPMorgan CEO Jamie Dimon was also invited, but was unable to attend, the sources said. The Federal Reserve declined to comment to Fortune. The Treasury didn't immediately respond to Fortune's requests for comment. The meeting comes just weeks after Fortune exclusively reported Anthropic was developing an unreleased model described by the company as "by far the most powerful AI model" it had ever developed, which the AI company inadvertently made public last month through its content management system. Later, the company acknowledged that model was Claude Mythos. Anthropic on Tuesday released a report entitled "Assessing Claude Mythos Preview's cybersecurity capabilities," citing the powerful capabilities of its new model. One capability included Mythos Preview, which was able to find many 10- and 20-year-old vulnerabilities, including a 27-year-old vulnerability in OpenBSD, which is an operating system that has a reputation of being one of the most secure. Anthropic briefed senior U.S. government officials and industry stakeholders on Mythos Preview's capabilities ahead of its release, someone with knowledge on the matter told Fortune that. In a blog post, the company said it is willing to work with officials at all levels of government to ensure national security is a priority when rolling out new AI models, and that the U.S. maintains a lead in AI technologies. Anthropic told Fortune that partnering with the government was the company's plan from the start (the company is currently in a legal battle with the Pentagon after the Defense Department blacklisted it for placing restrictions on use of its AI technologies). In partnership with Amazon Web Services, Amazon, Google, JPMorgan Chase, among other key tech companies, Anthropic launched Project Glasswing this week, an initiative aimed to secure critical software amid AI advancements. As part of the partnership, Anthropic said in a blog post it would share what they learn with the entire industry. Aside from tech and financial services partners, the company has extended access to 40 additional organizations who build or deploy critical software infrastructure, and committed up to $100 million in Mythos Preview usage credits, the most basic AI usage unit. Anthropic noted the project was launched as a reaction to the capabilities the company has observed in its new frontier model Mythos that it believes could "reshape cybersecurity." "Given the rate of AI progress, it will not be long before such capabilities proliferate, potentially beyond actors who are committed to deploying them safely," the post warned. "The fallout -- for economies, public safety, and national security -- could be severe." Anthropic said in the post Tuesday it would release the new model initially to "a limited group of industry partners to "enable defenders to begin securing the most important systems before models with similar capabilities become broadly available." Other business leaders have sounded the alarm on the cybersecurity risks powerful AI models pose. Dimon outlined in his annual letter to shareholders the cybersecurity risks major industries and corporations face from AI, saying cybersecurity "remains one of our biggest risks." He added, "AI will almost surely make this risk worse". As part of Project Glasswing, JPMorgan aims to reduce cyber risks stemming from AI's fast-evolving capabilities. "Promoting the cybersecurity and resiliency of the financial system is central to JPMorganChase's mission, and we believe the industry is strongest when leading institutions work together on shared challenges," Pat Opet, JPMorgan chief information security officer, said in a statement. "Project Glasswing provides a unique, early stage opportunity to evaluate next-generation AI tools for defensive cybersecurity across critical infrastructure both on our own terms and alongside respected technology leaders," he added.

Powell, Bessent Warn Banks About Security Risks From Anthropic's Mythos AI: Bloomberg - Decrypt

Anthropic has limited access to the model while it evaluates potential security risks. U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell reportedly convened a meeting with Wall Street bank CEOs earlier this week to warn about cybersecurity risks tied to a new artificial intelligence model from Anthropic. According to a report by Bloomberg, the meeting included executives from Citigroup, Bank of America, Wells Fargo, Morgan Stanley, and Goldman Sachs. Officials discussed Anthropic's new AI model Mythos, which has recently drawn broad concern over its apparent advanced cybersecurity capabilities. Officials convened the meeting to ensure banks understand the risks posed by systems capable of identifying and exploiting software vulnerabilities across operating systems and web browsers, and to encourage institutions to strengthen defenses against potential AI-assisted cyberattacks targeting financial infrastructure. Security researchers have warned that tools capable of automatically discovering vulnerabilities could accelerate both defensive security work and malicious hacking if misused. Anthropic's Mythos model first surfaced online in March after draft materials about the system leaked online, revealing what the company described as its most capable AI model yet. In testing, the system reportedly found thousands of previously unknown software vulnerabilities, including zero-day flaws across major operating systems and web browsers. Anthropic researchers said in a report earlier this week that Mythos Preview's vulnerability-discovery capabilities were not intentionally trained, but instead emerged from broader improvements in the model's coding, reasoning, and autonomy. "The same improvements that make the model substantially more effective at patching vulnerabilities also make it substantially more effective at exploiting them," the firm wrote. Because of those capabilities, Anthropic has restricted access to a small group of cybersecurity organizations. "Given the strength of its capabilities, we're being deliberate about how we release it," Anthropic said in a statement. "As is standard practice across the industry, we're working with a small group of early access customers to test the model. We consider this model a step change and the most capable we've built to date." To address that risk, Anthropic is testing Mythos through Project Glasswing, a collaboration with major technology and cybersecurity companies that uses the model to identify and patch vulnerabilities in critical software before attackers can exploit them. "Project Glasswing is a starting point. No one organization can solve these cybersecurity problems alone," the company said in a statement. "Frontier AI developers, other software companies, security researchers, open-source maintainers, and governments across the world all have essential roles to play."

Fed Chair Jerome Powell, Treasury's Bessent and top bank CEOs met over Anthropic's Mythos model

Richard Escobedo covers economic policy at CBS News and is a coordinating producer at Face the Nation with Margaret Brennan. He joined CBS in 2018 and is a graduate of Texas Christian University in Fort Worth, Texas. Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent met with top bank CEOs in a closed-door meeting this week to discuss the cybersecurity risks posed by Anthropic's latest AI model, Mythos, sources told CBS News. JPMorgan Chase chief executive Jamie Dimon was invited but was unable to attend, according to the sources. The meeting was earlier reported by Bloomberg News, which said Powell and Bessent summoned the financial executives to the Treasury Department's Washington, D.C., headquarters to discuss the potential risks from Mythos and other AI models. Anthropic, the developer of generative AI chatbot Claude, on Tuesday said it was forming a project with several major tech companies, including Amazon, Apple and Nvidia, to use Mythos to strengthen cybersecurity defenses. Anthropic added that it will not widely release Mythos because of its advanced capabilities, which have uncovered vulnerabilities in major operating systems and web browsers. "Given the rate of AI progress, it will not be long before such capabilities proliferate, potentially beyond actors who are committed to deploying them safely," Anthropic said in a post about the new project. "The fallout -- for economies, public safety, and national security -- could be severe." The effort, called Project Glasswing, "is an urgent attempt to put these capabilities to work for defensive purposes," Anthropic said on Tuesday. In 2023, the Biden Administration identified AI as a potential risk to financial stability. It was the first time that designation had been made, CBS News reported at the time.

Bessent, Powell warn bank CEOs about Anthropic model cyber risks

US Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic, Mythos, will usher in an era of greater cyber risk. Bessent and Powell assembled the group at Treasury's headquarters in Washington on Tuesday (Wednesday AEST) to make sure banks are aware of possible future risks raised by Mythos and potential similar models, and are taking precautions to defend their systems, according to people familiar with the matter who asked not to be identified.

Bessent summons bank executives over Anthropic cyber risk

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell brought together a group of bank executives this week to discuss cybersecurity concerns in the wake of Anthropic's new Mythos model, multiple people familiar with the meeting told The Hill. The meeting, held at the Treasury Department on Tuesday, came as Anthropic announced its latest artificial intelligence model, Claude Mythos Preview, will be held back from public release because its capabilities are too advanced and risky to end up in bad actors' hands. Several of the executives were already in Washington for the Financial Services Forum, an advocacy organization of the country's eight largest banks, The Hill's sources said. Bloomberg, which first reported the meeting, said Bessent and Powell convened the group to warn of the possible risks the Mythos model could present to banks, citing anonymous people familiar with the matter. Reuters reported the meeting sought to ensure the banks were taking steps to defend their systems. Anthropic said this week it has been in discussions with US government officials about Claude Mythos Preview and "its offensive and defensive capabilities." Those attending the meeting included Bank of America CEO Brian Moynihan, along with Citi Group CEO Jane Fraser, Morgan Stanley CEO Ted Pick, Goldman Sachs Group CEO David Soloman and Wells Fargo & Co. Charles Scharf, Bloomberg reported. JP Morgan CEO Jamie Dimon was not able to attend, one of the people familiar confirmed to The Hill. Representatives for the banks and the Federal Reserve declined to comment. The Treasury Department did not immediately respond to The Hill. The Claude Mythos Preview model will be available to a select group of technology firms including Apple, CrowdStrike, Amazon Web Services, and Microsoft, according to Anthropic. These companies, aligned with more than 40 organizations that build or manage critical software infrastructure, will use Mythos Preview in their defensive security work and findings will be shared by Anthropic with the whole industry. The consortium is part of Anthropic's new initiative, Project Glasswing, which was formed after the company discovered the capabilities of Mythos Preview.

US Treasury Secretary warns bank CEOs on Anthropic's new AI model

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The US government was briefed on the Mythos model ahead of its public launch last week, on its "offensive and defensive cyber capabilities". On Tuesday, US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell met with bank CEOs in Washington DC to discuss the dangers of the new model, sources reported to Bloomberg. The meeting was convened to warn banks on the risks posed by Mythos. The CEOs that were reportedly present at the meeting were Citigroup, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs. Enterprises using Claude's agentic AI are running into challenges such as coordinating multistep workflows, maintaining compliance, and integrating into CRM and database systems. In February 2026, Anthropic launches Claude Cowork, a software designed to automate work in financial services.

Bessent, Powell Warn Bank CEOs About Anthropic Model Risks, Bloomberg News Reports

Bessent, Powell Warn Bank CEOs About Anthropic Model Risks, Bloomberg News Reports U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank CEOs this week to warn of cyber risks posed by Anthropic's latest AI model, two sources familiar with the matter said on Thursday. Anthropic launched the powerful Mythos model earlier this week but stopped short of a broad release, citing concerns it could expose previously unknown cybersecurity vulnerabilities. The company said the model was capable of identifying and exploiting weaknesses across "every major operating system and every major web browser". The meeting, held at the Treasury Department in Washington on Tuesday, was aimed at ensuring banks are aware of the potential risks posed by Mythos and similar models, and are taking steps to defend their systems, one of the sources said. The invitation came while most CEOs of the largest U.S. banks were already in Washington to attend other meetings, one of the sources said. Access to Mythos will be limited to about 40 technology companies, including Microsoft MSFT.O and Google GOOGL.O, and Anthropic has been in ongoing talks with the U.S. government about the model's capabilities, the startup has said. Bloomberg News, which first reported the matter on Thursday, said the CEOs of Citigroup, Morgan Stanley, Bank of America, Wells Fargo and Goldman Sachs were present. JPMorgan CEO Jamie Dimon was unable to join, one of the sources told Reuters. Goldman Sachs and the Federal Reserve declined to comment. The Treasury, lenders and Anthropic did not immediately respond to Reuters' requests for comment. (Reporting by Saeed Azhar in New York, Carlos Méndez in Mexico City; Writing by Chris Thomas; Editing by Sumana Nandy)

Anthropic's Mythos Made Scott Bessent, Jerome Powell All Bank CEOs: But What Do Prediction Markets Say Ab

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell called the CEOs of every major systemically important U.S. bank to Treasury headquarters on Tuesday to warn them about cybersecurity risks from Anthropic's Claude Mythos model, Why Banks Are Exposed Mythos found thousands of zero-day vulnerabilities across every major operating system and web browser, including a 27-year-old bug in OpenBSD that survived 5 million passes by automated testing tools. That's a problem for Wall Street, where a single breach at a systemically important bank could cascade through the financial system. Many of the largest U.S. banks still run core systems on legacy code dating back decades. JPMorgan's retail banking core reportedly still uses elements of the Hogan system from the 1980s. If Mythos can surface flaws that every existing security tool missed, banks might be one of the more vulnerable sectors. The Cybersecurity Trade Anthropic launched Project Glasswing this week, giving roughly 40 companies access to Mythos for defensive security work. The market appears to be repricing the entire sector around a simple question: if an AI model can find vulnerabilities that elite human researchers missed for decades, what are cybersecurity companies actually selling? Anthropic Keeps Pulling Away Anthropic's annualized revenue reportedly hit $30 billion in April, surpassing OpenAI's roughly $24 billion run rate. The company went from $9 billion at year-end 2025 to $30 billion in about four months, with over 1,000 companies now spending more than $1 million annually on Anthropic products. Polymarket traders give Anthropic a 63% chance of going public before OpenAI, with an October 2026 listing at a $380 billion valuation considered the base case. A separate contract prices a 94% chance Anthropic tops $500 billion in valuation by year-end. Image: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

US summons bank chiefs over AI cyber risks from Anthropic's latest AI model

US officials have summoned top banking executives to Washington amid growing concerns over cybersecurity risks linked to the new AI model developed by Anthropic. The meeting, reportedly led by Treasury Secretary Scott Bessent, comes shortly after the unveiling of the company's latest system, Claude Mythos. Among those attending is Jerome Powell, alongside executives from major financial institutions including Goldman Sachs, Bank of America and Citigroup. The gathering focuses on the potential risks posed by advanced AI tools capable of identifying and exploiting software vulnerabilities at a level comparable to, or exceeding, human experts. Anthropic recently warned that its model had uncovered thousands of previously undetected weaknesses in widely used systems, raising fears that such technology could be misused by hackers. A leak of the model's code earlier this month intensified concerns, with the company acknowledging that the broader impact on economies and national security could be significant. In response, Anthropic has restricted access to the model to a limited group of companies, including major tech firms and infrastructure organisations. This marks the first time the company has limited a product release.

Feds Warn Major Banks of Anthropic Mythos Cyber Threat | PYMNTS.com

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell arranged the meeting at Treasury's headquarters in Washington to ensure the banks are aware of the potential risks and are taking precautions, according to the report. Many of the CEOs were already in Washington to attend a meeting of the Financial Services Forum, per the report. Reached by PYMNTS, the Federal Reserve declined to comment on the report. The Treasury Department did not immediately reply to PYMNTS' request for comment. According to the report, Anthropic has limited the release of Mythos to a few major firms so they can secure their systems before similar AI models are released. It was reported Tuesday (April 7) that Anthropic unveiled a program called Project Glasswing that will allow select partners to gain early access to "Claude Mythos Preview." The initiative includes participation from leading companies such as Amazon, Microsoft and Apple, alongside cybersecurity and infrastructure players like Crowdstrike, Palo Alto Networks, Google and Nvidia. The model is being positioned specifically for defensive cybersecurity work, and the initiative is meant to allow partners to identify vulnerabilities and strengthen systems before threats can be exploited, according to the report. In its announcement of Project Glasswing, Anthropic said: "Anthropic has also been in ongoing discussions with US government officials about Claude Mythos Preview and its offensive and defensive cyber capabilities." The company also said in the announcement: "We are hopeful that Project Glasswing can seed a larger effort across industry and the private sector, with all parties helping to address the biggest questions around the impact of powerful models on security." It was reported March 26 that an accidental data leak forced Anthropic to confirm that it is testing an unreleased AI model called Claude Mythos that has capabilities that exceed any system it has previously released. A day later, on March 27, it was reported that concerns about the capabilities of an AI model being tested by Anthropic drove down cybersecurity stocks. In November, Anthropic reported that another of its AI models had been manipulated into carrying out a wide-reaching cyber-espionage operation.

Washington warns banks of cyber risks linked to Anthropic's AI

According to reports from CNBC, Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent met with executives from leading US banks to assess the risks associated with the Mythos artificial intelligence model developed by Anthropic. This meeting, held on the sidelines of a financial forum in Washington, reflects mounting concerns regarding the ability of such systems to facilitate sophisticated cyberattacks. Anthropic recently launched a limited version of its model, Claude Mythos Preview, specifically due to fears of potential malicious use. Authorities are seeking to anticipate the impact of these technologies on sensitive sectors such as finance, where AI is increasingly integrated into critical operations. In response to these challenges, several major corporations, including JPMorgan, Apple, Google, Microsoft, and Nvidia, are participating in initiatives such as Project Glasswing to manage these risks. This mobilization underscores the need for strengthened dialogue between public authorities and private sector players to secure the deployment of increasingly powerful AI models.

Bessent, Powell warned bank CEOs about Anthropic model risks, sources say

April 9 (Reuters) - U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank CEOs this week to warn of cyber risks posed by Anthropic's latest AI model, two sources familiar with the matter said on Thursday. Anthropic launched the powerful Mythos model earlier this week but stopped short of a broad release, citing concerns it could expose previously unknown cybersecurity vulnerabilities. The company said the model was capable of identifying and exploiting weaknesses across "every major operating system and every major web browser". The meeting, held at the Treasury Department in Washington on Tuesday, was aimed at ensuring banks are aware of the potential risks posed by Mythos and similar models, and are taking steps to defend their systems, one of the sources said. The invitation came while most CEOs of the largest U.S. banks were already in Washington to attend other meetings, one of the sources said. Access to Mythos will be limited to about 40 technology companies, including Microsoft and Google, and Anthropic has been in ongoing talks with the U.S. government about the model's capabilities, the startup has said. Bloomberg News, which first reported the matter on Thursday, said the CEOs of Citigroup, Morgan Stanley, Bank of America, Wells Fargo and Goldman Sachs were present. JPMorgan CEO Jamie Dimon was unable to join, one of the sources told Reuters. Goldman Sachs and the Federal Reserve declined to comment. The Treasury, lenders and Anthropic did not immediately respond to Reuters' requests for comment. (Reporting by Saeed Azhar in New York, Carlos Méndez in Mexico City; Writing by Chris Thomas; Editing by Sumana Nandy)