JPMorgan Chase chief executive Jamie Dimon says the emergence of Anthropic’s Claude Mythos has escalated an already critical cybersecurity threat, highlighting that banks, governments and corporations are in a race to deploy the technology responsibly before bad actors can exploit it.
In a new Bloomberg interview, Dimon says Mythos represents a legitimate and powerful new threat vector that the financial industry is taking with extraordinary seriousness.
“Mythos is so powerful and covers a lot of vulnerabilities. And we’re all trying to figure out how to deal with it, not just for ourselves but all of our friends: big banks, small banks, telecom. The government’s on top of it.”
Dimon also says the risk of getting it wrong is as significant as the risk of moving too slowly.
“Don’t wait to get Mythosed, because everyone’s going to get it at one point, but you can’t give it to everyone. If they can’t handle it, or if it gets leaked out, it can be used by bad guys before we protect our open source code and all our code. So we need a little work to do to get it done right.”
According to Dimon, Mythos has prompted an unusual degree of cooperation across institutions that normally compete fiercely with one another.
“I wrote about it in my chairman’s letter: cyber is our biggest risk, made worse by AI, and that was before Mythos. So yeah, this does make it more dangerous. That’s why banks are really working this thing right now. And all of us. And together. We’re collaborating. We’re not like arguing with each other.”
In April, US regulators abruptly summoned the CEOs of the biggest banks in the country to discuss the threats emerging from Anthropic’s Mythos. The meeting, arranged on short notice, focused on ensuring major banks are preparing for a new generation of AI-driven cyberattacks.
Photo by Adi Goldstein on Unsplash
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