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Saturday, September 26, 2026

AI’s Risk to Financial Systems (shared)

The tech may soon become an existential risk to humanity, but it’s already a risk to many Americans in a more mundane way: their banks.

By Will Gottsegen

 

Today’s AI agents have become exceptional hackers, and they’re already posing a threat to some of the most important infrastructure in modern life: banks.

In both finance and tech, industry leaders are well aware of the dangers, and they’re gearing up for a fight. Earlier this year, as Anthropic prepared to release a powerful new model called Mythos, the firm gave an early preview of the AI to a select group of companies, aiming to help them shore up their defenses. JPMorganChase was on the list, and more banks were reportedly added as Anthropic expanded the program. After the rollout, Treasury Secretary Scott Bessent and then–Fed Chair Jerome Powell met with the heads of Bank of America, Citigroup, Goldman Sachs, and other major financial institutions to discuss the potential implications of the new model, which Anthropic claimed could “surpass all but the most skilled humans at finding and exploiting software vulnerabilities.”

More here >

This post was originally published on this site

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