Singapore sounds alarm on AI cyber threat as Anthropic’s Mythos model rattles banks

Singapore's financial watchdog has warned banks to urgently shore up their cyber defenses amid concerns that advances in AI could supercharge cyberattacks. The Monetary Authority of Singapore is working with the Cyber Security Agency to strengthen protections at critical infrastructure operators. A new AI model, Mythos, developed by Anthropic, has been restricted from wider release due to its potential risks. Authorities say rapid progress in AI could dramatically change the cyber threat landscape. The warning reflects a broader global unease as regulators and financial institutions grapple with the implications of increasingly capable AI tools. Discussions are underway between regulators and banks on managing cybersecurity challenges posed by such systems.