ECB asks banks to submit plans to address AI cybersecurity threats

CoinFeed July 7 news, the European Central Bank asked banks to develop plans to address the growing cybersecurity threats posed by cutting-edge AI models like Anthropic's Claude Mythos. In a letter to bank CEOs, ECB chief supervisory officer Claudia Buch required lenders to submit action plans by the end of October. She urged banks to accelerate software patch updates, strengthen AI-driven cyber defenses, and enhance oversight of third-party vendors, while in the long term, banks need to modernize their infrastructure. Buch said: "The ECB calls on significant institutions to immediately assess the impact of the evolving threat landscape and develop comprehensive action plans outlining specific measures to strengthen relevant controls."