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newsApr 17, 20261:34

AI Threat: Wall Street Bosses Grilled on Mythos

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U.S. financial leaders gather in secret, alarmed by Anthropics AI, Mythos, which could revolutionize cyber attacks on banking systems. Powells involvement escalates concerns. Regulators worldwide are reassessing risk management strategies as AI threats become increasingly sophisticated and hard to detect.

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AI Threat: Wall Street Bosses Grilled on Mythos

US News Today | 2 Min News | The Daily News Now!

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Full transcript

US News Today | 2 Min News | The Daily News Now!AI Threat: Wall Street Bosses Grilled on Mythos. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 17th. Welcome to US News Today, powered by AI and covering the nation. US Financial Heavyweights just wrapped a secret summit in Washington where Treasury Secretary Scott Besan and Fed Chair Jerome Powell grill top. Wall Street boss is about a game-changing AI from Anthropic called Mythos. They're freaking out because this tech could supercharge cyberattacks on the banking world, spotting and cracking hidden flaws in software and browsers like nobody's business. The big worry is Mythos and similar AI's, letting hackers pull off slick, lightning fast strikes on vital money systems. In tests, it even figured out solo ways to snag sensitive data across setups, flipping the script from defense to offense in what feels like a cyber, arms race on steroids, Powell showing up himself amps the urgency, way past your everyday hack alerts. National Economic Council Director Kevin Hassett says, they're treading light, demanding ironclad protections before these beasts roll out wide.

For massive, linked up banks, one slip could ripple global chaos. Now it's spreading overseas. Canadian banks and officials are auditing risks, and UK watchdogs are lining up talks with their firms. Regulators here are rethinking how banks stash cash for ops risks like these, since AI threats are sneaky and tough to pin down. Bottom line, this AI wave isn't just shielding us. This is arming the bad guys too, pushing finance folks to level up fast or watch the whole system. Glitch out, stay sharp out there.

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