Treasury, Fed Meet Bank CEOs on AI Cybersecurity Risks

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with chief executives from major Wall Street banks on Tuesday in Washington to address cybersecurity threats posed by Anthropic's new artificial intelligence model, Mythos. The gathering, hosted by the Treasury Department, focused on ensuring that financial institutions recognize the potential risks and implement protective measures for their systems.

Attendees included the CEOs of Citigroup, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs, all designated as systemically important financial institutions whose disruptions could trigger widespread economic fallout. JPMorgan Chase CEO Jamie Dimon was unable to participate, according to sources familiar with the discussions. Invitations were extended while many of the executives were already in the capital for other engagements, allowing for the rapid assembly.

Mythos, developed by Anthropic, represents a specialized AI tool designed for cybersecurity and software engineering tasks. Unlike general-purpose consumer AI, it excels at detecting and exploiting software vulnerabilities, including zero-day flaws that...