‘Clock Is Ticking,’ ECB Warns Banks Over Mythos and AI Cyber Risks

The European Central Bank (ECB) has warned major financial institutions that they must urgently increase the pace of their cybersecurity measures. Frank Elderson, vice-chair of the ECB’s supervisory board, stated that the rapid capabilities of advanced AI models like Anthropic’s Claude Mythos—which can identify and exploit vulnerabilities at unprecedented speeds—make current security response times insufficient. The ECB is pushing for faster software patching, noting that attackers can now reverse-engineer fixes in as little as 30 minutes. To mitigate these risks, the regulator is facilitating knowledge sharing between institutions that have access to these frontier AI models and those that do not.

(Source：BeInCrypto)