Japan’s bank regulator sets up forum to counter Mythos-powered cyber threats

By Kentaro Okasaka TOKYO, May 12 (Reuters) – Japan will establish a public-private working group this week to address โ€Œcybersecurity risks to the financial system posed by โ€ŒAnthropic’s new artificial intelligence model Mythos, Finance Minister Satsuki Katayama said on โ€‹Tuesday. โ€ข Katayama, who met U.S. Treasury Secretary Scott Bessent in Tokyo on Tuesday, said the…


Japan’s bank regulator sets up forum to counter Mythos-powered cyber threats

By Kentaro Okasaka

TOKYO, May 12 (Reuters) – Japan will establish a public-private working group this week to address โ€Œcybersecurity risks to the financial system posed by โ€ŒAnthropic’s new artificial intelligence model Mythos, Finance Minister Satsuki Katayama said on โ€‹Tuesday.

โ€ข Katayama, who met U.S. Treasury Secretary Scott Bessent in Tokyo on Tuesday, said the group aims to develop shared understanding of potential threats arising from AI among financial โ€Œand tech industries and โ policymakers, with inputs from the U.S. government.

โ€ข A total of 36 entities, including financial institutions โ from megabanks to internet banks, the Bank of Japan and the Japanese units of Anthropic and OpenAI, will hold the โ€‹group’s first โ€‹meeting on Thursday, chaired โ€‹by Mizuho Financial Group’s Chief โ€ŒInformation Security Officer Osamu Terai, according to the Financial Services Agency (FSA).

โ€ข Anthropic has launched Project Glasswing to offer access to its latest AI model for defensive purposes to a limited number of organisations. The FSA said interest among โ€ŒJapanese banks in gaining access โ€‹to the model is growing, though โ€‹it did not clarify โ€‹whether any have formally sought access.

โ€ข The โ€Œworking group will discuss procedures โ€‹when vulnerabilities are โ€‹found, defensive measures and contingency planning for scenarios where threats cannot be fully contained, the FSA said. The โ€‹regulator also โ€Œsaid it is considering information-sharing with U.S. and other โ€‹overseas authorities.

(Reporting by Kentaro Okasaka. Writing by Kantaro โ€‹Komiya. Editing by Mark Potter)

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