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Cyber Security In Focus As Bank CEO's Race to Washington
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April 10, 2026
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6:59Now PlayingUS Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to give them an urgent warning: an artificial intelligence tool from Anthropic PBC marks the beginning of a new era of cybersecurity.
The April 7 meeting in Washington was focused on Mythos, a new AI model that Anthropic says is so good at finding vulnerabilities in software and computer systems that it can only be released to a limited number of carefully-chosen parties. If tools like Mythos fall into the wrong hands, Anthropic says, it could provide attackers with a powerful new weapon to steal data or disrupt critical infrastructure. Bloomberg's Todd Gillespie joins to discuss. The Bank of Canada and the country’s major banks and financial firms met Friday to discuss cybersecurity risks raised by Anthropic PBC’s latest artificial intelligence model.
The gathering followed a similar move by US policymakers earlier in the week. Bloomberg News reported Thursday that US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders for an urgent discussion about Anthropic’s Mythos and similar AI models. The executives included Citigroup Inc.’s Jane Fraser and Goldman Sachs Group Inc.’s David Solomon.
The Canadian meeting involved members of a body known as the Canadian Financial Sector Resiliency Group. It includes representatives from the six largest domestic banks, the federal Finance department, financial regulatory agencies, the parent company of the Toronto Stock Exchange and other firms.
It’s another signal of the growing concern among regulators globally that more powerful AI models will lead to a new breed of cyber attacks against the financial industry.
A spokesperson for Finance Minister François-Philippe Champagne confirmed the meeting took place on Friday.
“The Bank of Canada is aware of this issue. We take cybersecurity very seriously,” Paul Badertscher, a spokesperson for the central bank, said by email.
The CFSRG’s mandate is to “enhance the operational resilience of Canada’s critical financial sector. Treasury Secretary Scott Bessent and Fed Chair Jerome Powell summoned Wall Street leaders in an urgent meeting over concerns that Anthropic’s latest AI model Mythos will usher in an era of greater cyber risk.
Bessent and Powell assembled the group on short notice at Treasury’s headquarters in Washington on Tuesday to make sure banks are taking precautions to defend their systems, people familiar with the matter told Todd Gillespie, Katanga Johnson, Hannah Levitt, and Sridhar Natarajan. Read More
The previously unreported meeting is another sign that regulators consider the possibility of a new breed of cyber attack to be one of the biggest risks facing the financial industry.
Anthropic has said its Mythos system is capable of identifying and then exploiting vulnerabilities in every major operating system and web browser.
All the banks summoned to the meeting are classified as systemically important by top regulators, meaning their stability is a priority for the global financial system. Chief executive officers summoned to the meeting with the Fed and Treasury included Citigroup’s Jane Fraser, Morgan Stanley’s Ted Pick, Bank of America’s Brian Moynihan, Wells Fargo’s Charlie Scharf, and Goldman Sachs’ David Solomon, said the people. JPMorgan’s Jamie Dimon was unable to attend, the people said.
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