British regulators have warned that companies should not blindly trust artificial intelligence (AI) and should prepare to avoid potential risks.
Britain’s Finance Ministry, the Bank of England and the Financial Conduct Authority regulator stressed on Friday that companies should take steps to plan for and mitigate the risks from new artificial intelligence AI models.
“The cyber capabilities of existing frontier AI models already far exceed what a skilled practitioner can achieve, and at significantly greater speed, scale, and lower cost,” they said in a joint statement.
“If these capabilities are used maliciously, they pose increased cyber threats to the security and soundness of firms, customers, market integrity and financial stability.”
The news comes as Mythos faces warnings from cyber experts about its ability to supercharge complex cyber attacks, which could challenge the banking industry and its existing technology.
Last month, BoE Governor Andrew Bailey said he saw major cybersecurity risks from Anthropic’s Mythos product.
