The cause of the panic is frontier models like Anthropic Mythos. The ability of these algorithms to instantly analyze architecture and find code vulnerabilities renders traditional banking systems defenseless. This is a direct continuation of a global trend: following APRA and India’s SEBI, authorities recognize that generative AI has become the perfect tool for automating hacker attacks and complex phishing campaigns. Licensed market participants will have to radically rebuild their SIEM architecture and implement counter-AI systems, as classic firewalls are useless against algorithmic threats.
Source: ASIC / Reuters
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