Canada govt warns banks AI models like Claude Mythos could raise cyber risks

Canada’s federal banking regulator has warned the country’s largest financial institutions about the risks posed by Anthropic’s Claude Mythos and other advanced AI systems, according to a report by Reuters. In an April email obtained by Reuters, the Office of the Superintendent of Financial Institutions (OSFI) cautioned that frontier AI models could increase cyber threats and compress the time banks have to identify and fix the vulnerabilities. The email, sent to chief technology, information security, and risk officers across Canada’s financial industry, outlined practices to enhance risk identification and response. “Advanced artificial intelligence models, such as Anthropic Claude Mythos, significantly compress the timeframe for effective risk mitigation,” OSFI wrote.Following Reuters’ inquiries, OSFI published a public bulletin emphasising its technology-neutral, risk-focused approach.