Tag: risks
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Canada regulator cited Anthropic’s Claude Mythos in warning to banks on cyber risks, email shows
TORONTO, July 13 : Canada’s federal banking regulator warned the country’s largest financial institutions about the risks of Anthropic’s Claude Mythos and other advanced AI models, saying the new technology could increase cyber threats and reduce the time institutions have to identify and fix vulnerabilities, accord
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Bank of England sees growing risks to financial stability from AI
LONDON, July 7 : The Bank of England said on Tuesday that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove a success while the technology increases banks’ vulnerability to cyberattacks.In a half-yearly assessment of risks to Britain’s financial syst
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Unchecked AI progress may pose catastrophic risks, UN panel warns
GENEVA, July 1 : Developments in artificial intelligence are outpacing scientific understanding and government policy, meaning there are no guarantees the technology will not cause catastrophic harm, a United Nations independent panel warned on Wednesday.A preliminary report by the UN’s Independent Internatio
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Bank of England’s Breeden signals new rules to govern agentic AI
LONDON, June 30 : The Bank of England on Tuesday signalled the need for bespoke AI regulation to contain risks to the financial system posed by increasingly capable agentic systems, in a potential shift in its approach to overseeing the technology. Following years of insistence that existing frameworks were
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Brazil’s facial authentication is popular, but risks remain
In Brazil, your face is your ticket. Systems with facial authentication aim to prevent violence and identify suspects. But experts warn about risks to sensitive personal data.
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RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India’s central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved risk management
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Indian seafarers pay the price in US-Iran war
At least seven Indian sailors have been killed in attacks on commercial vessels since the US-Iran conflict escalated. DW spoke to the family of one victim and to a survivor of a strike on his ship near the Strait of Hormuz.
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Europe swelters under heatwave
Across the continent, authorities were ramping up warnings of extreme weather. German forecasters said parts of the country needed to be on alert for thunderstorms, hail and heavy rain over the weekend.
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Global watchdog calls for tighter controls on agentic AI in finance
LONDON, June 10 : Global regulators said increasingly autonomous forms of AI could amplify risks for the financial system and called for new controls as adoption accelerates. The Financial Stability Board (FSB) in a report on Wednesday “strongly” encouraged boards to consider implementing safeguards to mitig
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Shipping risks on the rise due to wars and trade crises
Wars and crises are making seafaring increasingly dangerous. While global trade and supply chains suffer, shipping companies and seafarers bear the greatest burden.
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