ECB Requires Banks to Submit AI Cyber Strategy by 31 October
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The European Central Bank (ECB) is getting serious and demands that the major banks of the eurozone have a "comprehensive action plan" ready by 31 October with concrete measures to address cybersecurity threats related to artificial intelligence models, including Mythos, developed by Antropic.
The ECB sets a deadline for bank directors: by the end of October, they will have to present a plan against AI-based cyber attacks. At the same time, the ESRB warns against systemic risks, while France attracts to post-quantum standards. On Tuesday, the European Central Bank took an unusual step. Claudia Buch, chief of the ECB's banking supervision, wrote personally to the chief executives of the eurozone's largest money houses and asked them to:
The European Central Bank issued a new alert for the eurozone’s large banking sector: Advanced AI is no longer just a productivity tool, but a potential source of cyberattacks capable of scaling up to systemic risk. By the end of October, supervisors want concrete plans to close vulnerabilities, control external suppliers and modernise aging systems. *** The ECB asked the large banks of the eurozone to present by the end of October plans against…
In the face of rising risks of attacks fuelled by artificial intelligence, the European Central Bank (ECB) is raising its tone. In a letter to the Directors General of the main banks in the euro area on Tuesday, it asks to assess "without delay" the evolution of the threat.
ECB requires banks to submit AI cyber strategy by 31 October
The European Central Bank (ECB) has instructed financial institutions in the eurozone to develop strategies to combat AI-based cyber threats. Banks have four months, up to and including 31 October, to submit these frameworks in order to prevent disruptions to payment systems and the erosion of public trust in the financial sector. The regulatory measure [… The post ECB requires banks to submit AI cyber strategy by 31 October appeared first on Te…
A defense plan is urgently needed against the dangers of new tools like Anthropic's Mythos
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