Bank of England rushes to assess cyber threat from powerful new AI model

UK financial regulators have launched urgent consultations with cybersecurity officials and major banks to evaluate potential risks linked to a new artificial intelligence model developed by Anthropic, Qazinform News Agency correspondent reports.

photo: QAZINFORM

According to reports, representatives from the Bank of England, the Financial Conduct Authority, and HM Treasury are taking part in the discussions, with briefings for financial institutions expected in the coming weeks.

The move follows the release of Anthropic’s latest AI model, Claude Mythos Preview, which has raised concerns over potential cybersecurity implications. The talks come shortly after similar consultations in the United States, where Treasury Secretary Scott Bessent met with leading Wall Street banks to assess risks associated with advanced AI technologies.

Anthropic stated that selected organizations are currently testing the model under a controlled program, during which it has reportedly identified vulnerabilities in widely used software systems.

Earlier, it was reported that Bank of England plans to redesign its banknotes, with future issues expected to feature wildlife instead of the well-known historical figures currently depicted on the reverse side.

The decision follows a public consultation held last year. According to the Bank of England, around 44,000 responses were received, and roughly 60% favored nature as the main theme for the next series. Other suggested themes included architecture and landmarks, historical figures, arts and culture, sport, innovation, and major milestones.

The central bank said it plans to hold another public consultation in the summer to gather opinions on what kind of nature should appear on the notes. A panel of wildlife specialists is expected to help prepare a shortlist.

Britain’s wildlife includes animals such as foxes, badgers, beavers, squirrels, otters, deer, and seals, which could potentially inspire future designs.

Victoria Cleland, the Bank of England’s chief cashier, said the main reason for launching a new banknote series is to strengthen protection against counterfeiting. She added that the redesign also offers a chance to reflect different aspects of the United Kingdom.

King Charles III will continue to appear on the front of the notes. The Bank of England’s highest denomination remains the £50 note. The new banknotes are not expected to enter circulation for several years.

Earlier, Qazinform News Agency reported that, according to a new global survey by Gallup, the United Kingdom is more likely than any other country to view immigration as its biggest national problem.