ECB warns eurozone banks about Mythos access amid AI risk
NewsBytes | May 14, 2026 6:40 PM CST
Frank Elderson: eurozone banks must act
Elderson made it clear that even small system flaws need quick fixes because future AI could turn them into big problems.
"Lack of access is not an excuse for inaction. On the contrary, it makes it even more critical that banks step up and act now," he said.
The ECB is now looking into how to defend against these new threats and checking if banks are ready for the challenges ahead.
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