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Singapore a battleground of commodities fraud lawsuits Regulators across Asia are stepping up scrutiny of cybersecurity risks in their financial systems, as concerns over Anthropic’s latest AI model Mythos spread.
Singapore’s financial regulator is urging banks to plug holes, while South Korea’s government agencies have met to review and discuss how to respond to the risks.
In Australia, authorities expect lenders to be vigilant to ensure clients are not put at risk by inadequate controls.
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The actions around the region reflect rising global concern over Mythos as regulators discuss with financial firms how they are handling the cybersecurity risks raised by the model, which has so far been given only a limited release.
Anthropic held back a wider release after finding the model was capable of discovering security holes that had gone undetected for years, fuelling alarm about a potential new era of cybersecurity attacks.
In South Korea, the financial regulator last week convened an emergency meeting with relevant industry organisations to discuss issues related to Mythos, according to people familiar with the matter.
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