JAKARTA – Financial regulators across Asia are stepping up vigilance over cyber risks driven by artificial intelligence, particularly the Mythos model developed by Anthropic.

As reported by Reuters, the Hong Kong Monetary Authority (HKMA) said it has coordinated with major banks and strengthened monitoring of AI driven cyber threats. The regulator is also preparing a new framework to bolster the resilience of the banking sector.

The HKMA will launch a Cyber Resilience Testing Framework aimed at improving banks’ response and recovery capabilities, while ensuring data systems remain robust. It has also set up a cross sector task force involving public and private stakeholders to monitor and respond to AI related cyber risks.

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“Some banks are also evaluating additional mitigation measures in response to these evolving threats,” the regulator said.

In Australia, the Australian Securities and Investments Commission (ASIC) said it is monitoring the use of Mythos alongside other regulators to assess its impact on markets.

Meanwhile, the Monetary Authority of Singapore (MAS) warned that advances in AI could accelerate the identification and exploitation of vulnerabilities in IT systems.

“Financial institutions need to double down on strengthening their security defences, proactively identify and close vulnerabilities, and maintain strong cyber hygiene, including timely security updates,” MAS said.

MAS added it is coordinating with the Cyber Security Agency of Singapore to support the protection of critical infrastructure. (DH/LM)

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