German Banks Aren’t Panicking Over Mythos AI Threat, Sewing Says

Germany’s banks are well-prepared for heightened cyber risks as Anthropic’s new artificial intelligence model sparks global fears of a new era for computer hacks, said Deutsche Bank AG Chief Executive Officer Christian Sewing.

“It’s certainly not something that leads to panic or alarm bells ringing on our side,” Sewing said on Monday in his capacity as head of the Association of German Banks. “But it certainly is something we have to consider in our daily risk management.”

The lobby has established a working group to provide information and guidance, notably to smaller banks to discuss potential defense scenarios, he ...