Canada's Banks Huddle Over Anthropic AI Cyber Threat

The Bank of Canada and major financial institutions met Friday to discuss cybersecurity risks posed by Anthropic's latest AI model. The gathering involved the Canadian Financial Sector Resiliency Group, which includes the six largest domestic banks, federal Finance department, and key regulatory agencies. The meeting mirrors a similar urgent discussion held earlier in the week in the U.S., where Treasury Secretary Scott Bessent and Fed Chair Jerome Powell convened Wall Street leaders including Citigroup's Jane Fraser and Goldman Sachs' David Solomon. Regulators globally are increasingly concerned that more powerful AI models could enable a new breed of cyberattacks against the financial sector.