News Summary

• The Bank of Spain called for stronger international cooperation and wider access to protective artificial intelligence models.
• It warned new AI tools like the Mythos model could make it easier to exploit software vulnerabilities.
• It said that under adverse scenarios, the development of such models could have a negative systemic impact by enabling more synchronized cyberattacks across the global financial sector and the economy.
• The financial sector's ability to withstand cyber threats will increasingly depend on the speed at which vulnerabilities are addressed and on the capacity to anticipate emerging risks.