UK banks blocked from Mythos AI model as US political hold-up delays cyber threat testing

UK banks still lack access to Mythos AI model, BoE's Bailey says

LONDON, May 29 (Reuters) - British banks still have not been able to gain access to Anthropic's Mythos artificial intelligence model to check their systems against cyber threats, six weeks after it first drew concern, Bank of England Governor Andrew Bailey said on Friday. Bailey, speaking to Bloomberg TV, said Anthropic was willing to share the models on a trial basis but there appeared to be a political hold-up. "It hasn't happened yet and I think this has been somewhat caught up in the process with the U.S. ⁠administration," he said in an interview on the sidelines of a central banking conference in Reykjavik. "Quite why the process is a bit different from one company to another, I'm afraid I can't explain to you. Obviously, from our point of view, given our concern about the risks involved in this, it's very important that there is access," he said. Anthropic has sparred with the U.S. administration over guardrails for how the military could use its AI tools. Last month, Bailey said "Anthropic may ⁠have found a way to crack the whole cyber risk world open". Since then, some cybersecurity experts have told Reuters that fears of unfettered hacking with the model are overstated. President Donald Trump last week postponed signing a broader executive order on AI that was expected ⁠to create a voluntary framework for AI developers to engage with the U.S. government before the public release of advanced AI models. Bailey - who also heads the international standard-setting Financial ⁠Stability Board - said there needed to be a global approach to hacking risks. "Spillovers from this sort of cyber risk are so big that we can't ⁠just have a single sort of national approach," he said. "Anybody who thought, 'Well, I've dealt with my banks, that's okay', I'm afraid that won't work, because they're all so heavily interconnected." Reporting by David Milliken; Editing by Daniel Wallis Our Standards: The Thomson Reuters Trust Principles., opens new tab

UK banks still lack access to Mythos AI model, Bank of England governor says

Bailey, speaking to Bloomberg TV, said Anthropic was willing to share the models on ⁠a ⁠trial basis but there appeared to be a political hold-up. British banks still have not been able to gain access to Anthropic's Mythos artificial intelligence model to check their systems against cyber threats, six weeks after it first drew concern, Bank of England Governor Andrew Bailey said on Friday. Bailey, speaking to Bloomberg TV, said Anthropic was willing to share the models on ⁠a ⁠trial basis but there appeared to be a political hold-up. "It hasn't happened yet and I think this has been somewhat caught up in the process with the U.S. administration," he said in an interview on the sidelines of a central banking conference in Reykjavik. "Quite why the process is a bit different from one company to another, I'm afraid ⁠I can't explain to you. Obviously, from our point of view, given our concern about the risks involved in this, it's ⁠very important that there is access," he said. Anthropic has sparred with the U.S. administration over guardrails for how the military could use its AI tools. Last month, Bailey said "Anthropic may have found a way to crack the whole cyber risk world open". Since then, some cybersecurity experts have told Reuters that fears of unfettered hacking with the model are overstated. President Donald Trump last week postponed signing a broader executive order on AI that was expected to create a voluntary framework for AI developers to engage with the U.S. government ⁠before the public release of advanced AI models. Bailey - who also heads the international standard-setting Financial Stability Board - said there needed to be a global approach to hacking risks. "Spillovers from this sort of cyber risk are so big that we can't just have a single sort of national approach," he said. "Anybody who thought, 'Well, I've dealt with my banks, that's okay', I'm afraid that won't work, because they're all so heavily interconnected."

Bank of England calls for multinational approach to cyber threats By Investing.com

Investing.com -- Bank of England Governor Andrew Bailey said Friday that British banks remain unable to access Anthropic PBC's new AI tool, despite an earlier announcement promising early access to the technology. Speaking in an interview with Bloomberg Television on the sidelines of a conference in Reykjavík, Iceland, Bailey said that "given our concerns about the risks involved in this it is really important there is access." He added that banks are using other models to test their cyberdefenses. Anthropic announced in April it would give UK banks early access to its AI tool to help them strengthen their cybersecurity systems ahead of its wider release. Mythos, Anthropic's latest model, can automatically discover new software bugs that were previously unknown, which could leave companies vulnerable to serious attacks. Bailey said the so-called Glasswing phase two has been in the works for about six weeks but has not yet been implemented. "I think this has been somewhat caught up in the process with the US administration," Bailey said during the interview with Bloomberg's Stephanie Flanders. Bailey urged countries to work together internationally to address cyber threats. "What I would say is that the spillovers from this sort of some cyber risk are so big that we can't just have a single sort of national approach towards dealing with the consequences and mitigating it," Bailey said. "There's got to be an international approach to this." This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

UK banks still lack access to Mythos AI model, BoE's Bailey says

LONDON, May 29 (Reuters) - British banks still have not been able to gain access to Anthropic's Mythos artificial intelligence model to check their systems against cyber threats, six weeks after it first drew concern, Bank of England Governor Andrew Bailey said on Friday. Bailey, speaking to Bloomberg TV, said Anthropic was willing to share the models on a trial basis but there appeared to be a political hold-up. "It hasn't happened yet and I think this has been somewhat caught up in the process with the U.S. administration," he said in an interview on the sidelines of a central banking conference in Reykjavik. "Quite why the process is a bit different from one company to another, I'm afraid I can't explain to you. Obviously, from our point of view, given our concern about the risks involved in this, it's very important that there is access," he said. Anthropic has sparred with the U.S. administration over guardrails for how the military could use its AI tools. Last month, Bailey said "Anthropic may have found a way to crack the whole cyber risk world open". Since then, some cybersecurity experts have told Reuters that fears of unfettered hacking with the model are overstated. President Donald Trump last week postponed signing a broader executive order on AI that was expected to create a voluntary framework for AI developers to engage with the U.S. government before the public release of advanced AI models. Bailey - who also heads the international standard-setting Financial Stability Board - said there needed to be a global approach to hacking risks. "Spillovers from this sort of cyber risk are so big that we can't just have a single sort of national approach," he said. "Anybody who thought, 'Well, I've dealt with my banks, that's okay', I'm afraid that won't work, because they're all so heavily interconnected." (Reporting by David Milliken; Editing by Daniel Wallis)