As the world’s largest bank JP Morgan tests Anthropic’s AI tool Mythos, CEO Jamie Dimon admits ‘threat’; says: AI has made it worse, it has …
JPMorgan Chase CEO Jamie Dimon has now admitted that artificial intelligence, while promising to strengthen defences in the long run, is currently making cybersecurity threats more severe. According to a report by CNBC, speaking recently on bank’s earnings call, Dimon revealed that JPMorgan is testing Anthropic’s new AI model, Mythos, which has already demonstrated its ability to uncover thousands of vulnerabilities in corporate software. Dimon told analysts, “AI’s made it worse, it’s made it harder. It does create additional vulnerabilities, and maybe down the road, better ways to strengthen yourself too.”When asked about Mythos, Dimon pointed to Anthropic’s own warnings about the tool’s capabilities. “It shows a lot more vulnerabilities need to be fixed,” he said, acknowledging both the risks and potential benefits of deploying advanced AI in cybersecurity.
US treasury also raises alarm over Anthropic’s Mythos
The comments made by Dimon comes days after the Treasure secretary Scott Bessent met the bank CEOs in Washington in order to discuss the risks related to Mythos. The model, which Anthropic has only release to some select companies, has already raised concerns across Wall Street and government agencies about its potential to be weaponised by hackers.
JPMorgan’s cybersecurity push
As the world’s largest bank by market capitalization, JPMorgan has long invested heavily in cybersecurity. Dimon said the bank employs top experts and maintains constant coordination with government agencies. “We spend a lot of money. We’ve got top experts. We’re in constant contact with the government. It’s a full-time job, and we’re doing it all the time,” he noted.Still, Dimon warned that risks extend beyond any single institution due to the interconnected nature of the financial system. “Banks are attached to exchanges and all these other things that create other layers of risk,” he said.JPMorgan CFO Jeremy Barnum echoed Dimon’s concerns, saying the industry has long recognised that AI can both expose vulnerabilities and be exploited in “attack mode” by bad actors. “These tools can make it easier to find vulnerabilities, but then also potentially be deployed by bad actors,” Barnum said.Dimon stressed that while advanced AI tools are important, traditional cybersecurity practices remain essential. “A lot of it is hygiene… how do you protect your data? How do you protect your networks, your routers, your hardware, changing your passcode? Doing all those things right dramatically reduces the risk,” he said.
