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FINWIRES

Market Chatter: Singapore's Financial Regulator Urges Banks to Shore Up Cybersecurity Issues

-- The Monetary Authority of Singapore, or MAS, has asked banks to improve their cybersecurity, citing concerns over a latest AI model named Mythos, currently being testing by Anthropic, according to a Bloomberg report on Monday.

MAS is jointly working with the city-state's cybersecurity agency to provide additional defenses to banks and other critical infrastructure operators, the report said.

A spokesperson said the evolution of AI is likely to fast-track flaws and vulnerabilities in IT systems, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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