Business & Technology
Anthropic’s Mythos AI sparks UK bank cyber stability alarm
Anthropic has launched controlled access to its Mythos AI model for cybersecurity testing by banks and technology groups. Regulators in the UK, US and Europe are examining what it could mean for financial stability.
Designed for coding and autonomous work, Mythos was able in internal tests to identify and exploit software weaknesses on its own. Those tests uncovered thousands of previously unknown bugs, including zero-day vulnerabilities in major operating systems and web browsers.
That has heightened concern in banking, where many institutions run a mix of modern platforms and older software. Security specialists warn that an AI system capable of quickly inspecting large codebases could expose weaknesses in the systems that underpin payments, trading and customer services.
Shared suppliers and common software stacks increase risk. A vulnerability discovered in one widely used product can affect many institutions at once, increasing the likelihood that a single flaw could have broader consequences across the financial system.
Regulator response
Authorities have moved quickly to assess the threat. In the UK, ministers have warned that AI can now carry out work once limited to expert hackers, including finding weaknesses and writing exploit code at speed.
Officials described Mythos as “substantially more capable” at cyber offence than previous models. The Bank of England has begun simulations to test how such tools could affect financial stability, while British authorities have brought together the Treasury, the Bank, the Financial Conduct Authority and security agencies in a resilience forum.
In the US, the Treasury and the Federal Reserve have held discussions with major Wall Street banks, while the European Central Bank is preparing questions for lenders on their readiness. Canadian regulators have also held a briefing, underscoring how quickly supervisors are trying to understand the issue.
The focus is not only on direct cyber attacks. Officials are also examining whether a wave of AI-assisted intrusions could disrupt payments, undermine confidence in banking systems or create knock-on effects through connected markets and service providers.
Industry reaction
Banks have begun responding by working more closely with technology and cybersecurity providers. Rather than releasing Mythos openly, Anthropic has created a restricted programme, Project Glasswing, for selected partners using the model for defensive work.
The group includes large technology and security companies such as Google, Microsoft and Amazon, as well as major banks. Participants are using the model to test their own systems and identify weaknesses before attackers do.
JPMorgan Chase said participation gave it a chance to assess how next-generation AI tools could help defend critical infrastructure. Goldman Sachs said it already had access to the model and was working with Anthropic and security teams to strengthen its defences.
In Britain, Anthropic is also extending supervised access to lenders. Pip White, Head of UK and Europe at Anthropic, said discussions with British bank leaders had been significant and that banks would soon be able to test Mythos under strict controls.
Arms race
The debate is shifting from whether AI changes cyber risk to how quickly institutions can adapt. One concern among security researchers is that tools such as Mythos reduce the expertise needed to find and exploit flaws, allowing less sophisticated attackers to operate at a much higher level.
That could shorten the time available for defence. If AI systems can identify and weaponise vulnerabilities faster than firms can patch them, banks may need to rethink how they monitor software, prioritise updates and rehearse incident response.
Technology groups, including IBM, have argued that defenders need to respond with their own AI. If attackers use automated systems to search for weak points, defenders must automate scanning, testing and remediation at a similar pace.
Regulators are pressing a similar message. Boards are being told to treat AI-driven cyber risk as a business-wide issue rather than a narrow technical matter. Official guidance has stressed routine measures such as software updates, incident planning and stronger baseline network security.
Policy changes are also being prepared. In the UK, a Cyber Security and Resilience Bill is expected to tighten rules for critical sectors, including finance, while central banks in several jurisdictions are planning more stress tests and scenario work on the effects of advanced AI on markets and payment systems.
Defensive use
Anthropic has committed up to USD $100 million in computing credits for the use of Mythos, along with additional funding for security research. The approach reflects a wider effort to keep the model in controlled settings while organisations assess both its usefulness and its risks.
There is also a more constructive case for the technology. The same kind of model that can expose hidden bugs can also patch code, improve software design and find long-overlooked defects in older systems that human teams may have missed.
That prospect may appeal particularly to banks, which often carry decades of technical debt in systems that cannot easily be replaced. AI tools could help institutions inspect these environments more thoroughly, but they also reveal how much risk may have gone unnoticed inside them for years.
For now, regulators and the industry share the same message: advanced AI has changed the speed and scale of cyber risk. The challenge for banks is to strengthen defences before the same tools become widely available to attackers.
Business & Technology
Tesco confirms major change in UK supermarket ‘first’
The UK’s biggest grocer described the move as “one of the most revolutionary retailing improvements in decades” which would give customers access to a host of information about products via their smartphones.
QR codes will be applied to the packaging of 13 lines of Tesco’s own-brand sausages including Tesco Pork Sausages, Tesco Pork Chipolatas, Tesco British Pork Sausage Meat as well as British Cumberland Sausages and British Lincolnshire Sausages.
The codes can be used to provide additional product information to customers such as nutritional content, with shoppers being able to use them to access recipes and competitions.
(Image: PA Wire)
Tesco said adopting the new codes would give it better information about products in stores, helping it to order more accurately and improve efficiency, reducing unnecessary waste.
In the event of product recalls, QR codes will allow retailers to identify specific batches instead of removing all items, avoiding throwing products away unnecessarily and improving availability.
Retailers will also be able to block the sale of affected items at the till and contact customers who may have purchased them.
It is part of a wider industry shift led by GS1, the global body responsible for barcode standards, which has set a target for retailers and manufacturers to be ready to accept QR codes.
Tesco development and change director Peter Draper said: “For customers, this is a tiny and almost invisible change at the checkout, but for the retail industry it’s a significant step forward.
“Moving to QR codes will help us reduce food waste, improve stock control and unlock new digital benefits for our customers.
(Image: PA Wire)
“Customers will continue to shop and pay in exactly the same way, but they’ll have the option to access far richer information about the products they buy simply by using their smartphones.
“Over time, this opens up exciting possibilities, such as personalised digital tools to help customers manage the food they buy and reduce waste at home.”
Anne Godfrey, chief executive of GS1 UK, added: “Tesco moving to QR codes powered by GS1 across an entire range marks a significant step forward for UK retail.
“It shows how the next generation of barcodes can support a more connected, transparent future. We hope this progress encourages others to follow Tesco’s lead so that consumers and businesses alike can benefit from richer, more trusted product information.”
Business & Technology
UK broadband switching jumps 24% as April bills rise
Broadband switching in the UK rose 24% year on year in March, according to data from Uswitch, as April bill increases prompted more households to shop around.
One in five broadband customers either switched provider before the rises or planned to do so within the next three months. Three million households had already changed provider in time to avoid higher charges.
The figures suggest a sharp consumer response to increases across several essential services at once. Households faced an average annual rise of £216 across council tax, water, TV licences, mobile contracts and broadband, bringing the total national increase to £6.9 billion.
Broadband accounted for an average increase of £39.60 a year, based on a monthly rise of £3.30. Some customers faced fixed increases of £4 a month, adding £48 over a full year.
Cost pressure
Affordability is now a central factor in broadband buying decisions. Some 24% of broadband customers chose their current provider primarily because it offered the lowest monthly price.
That pressure has coincided with stronger competition, particularly from regional network operators. These providers have offered some of the strongest broadband deals on record, including tariffs that in some cases avoid annual in-contract price rises, prompting larger providers to improve their own offers.
Uswitch’s internal data showed March was the busiest month for broadband switching since its records began in October 2016. Its measure of broadband deal value also reached its highest level since the index began in August 2023.
Not all customers moved quickly. Some 39% of broadband bill payers knew their bill was going up but did not plan to act, leaving them exposed to the full increase.
Market shift
The pattern suggests a widening gap between households willing to switch and those staying on existing contracts despite higher costs. Customers who stay with the same provider after their contract ends often move on to more expensive terms, while rival offers for new customers can be materially cheaper.
A household reaching the end of a broadband contract could save an average of £329 a year by taking a new deal. That adds to evidence that bill rises are prompting more active shopping around in a market where price has become a stronger differentiator.
Some of the biggest broadband brands have adopted fixed annual uplifts for new customers rather than the inflation-linked formulas criticised in previous years. While that offers more certainty, it still means higher charges each April for customers who remain in contract.
Regional providers have used that backdrop to compete on price and on promises of no annual rise. The result is a more competitive market at a time when household budgets are under strain from multiple directions.
Ernest Doku, broadband expert at Uswitch, said: “By moving in record numbers this year, broadband customers are sending a clear message that they will not pay over the odds while budgets are already under such intense pressure.
“What we are seeing is a significant shift in the market. The expansion of regional networks – both aggressively priced and keenly focused on customer service – has created a level of competition that hasn’t been seen in years.
“These providers are offering high speeds and great reliability on their networks at much lower price points, which is finally forcing the bigger brands to offer much more to keep their customers.
“If you have faced a price rise this April, it is not too late to check your contract. With the market as competitive as it is right now, there is a real opportunity to find a deal that protects your household budget.
“The average household coming to the end of their contract could save £329 a year by switching to a new deal, so it really pays to see what else is out there.”
Business & Technology
Oxford dog-friendly hotel sees record breaking Easter demand
The hotel has reported its busiest period for canine stays, driven by rising staycation demand and warmer seasonal weather.
This trend is expected to continue, with April through to August proving especially popular for dog-owning families, aligning with school holidays, longer daylight hours and increased leisure travel across the UK.
Easter weekend stood out as the peak period for dog stays, where the hotel welcomed a 50 per cent increase in four-legged guests.
READ MORE: Oxford households desperate to escape debt figures show
Fine weather helped create a relaxed, outdoor-focused atmosphere, with over 20 dogs making full use of the hotel’s gardens, riverside setting and expansive grounds, over Easter
The strong performance reflects a wider staycation boom, as more travellers choose to holiday closer to home.
One pooch at the hotel restaurant (Image: Voco Oxford Thames)
Set within 30 acres of scenic parkland on the banks of the River Thames, Voco Oxford Thames is ideally positioned as a base for exploring the southern Cotswolds.
The hotel is also seeing growing demand for dogs to be included in wedding celebrations. The properties regularly accommodate canine companions of wedding couples, adding a personal and memorable touch to special occasions.
Logesh Waran, hotel manager at voco Oxford Thames, said: “We’re seeing a clear rise in guests choosing to travel with their dogs, particularly during peak leisure periods.
“Our spaces, grounds and pet-friendly rooms and dining areas make it easy for owners to include their pets in the full travel experience. From weekend breaks to weddings, dogs are always welcome!”
READ MORE: Primary school allocation day: Oxford Ofsted ratings
Dog-friendly rooms at the hotel offer patio access, allowing guests easy access to outdoor spaces – an amenity that has proven especially popular with pet owners.
Guests are also taking advantage of nearby attractions including Bicester Village for premium outlet shopping, as well as Blenheim Palace and the historic town of Woodstock, both offering a rich mix of cultural, heritage and leisure experiences.
Pet Owners could book a Pet Getaway package or just book room only with small charge per pet.
The hotel, located in Sandford on Thames, dates to the Middle Ages and boasts a leisure club, spa, restaurant.
After the COVID-19 pandemic drove an increase in the number of dog friendly households, pet tourism has only surged.
Research from the University of Surrey suggests the potential that the dog-friendly travel market will be worth $50.1 billion by 2030.
Another report from Roch Dog, a certification body for dog friendly hotels, states that hotels that welcome dogs are likely to experience 15 to 20 per cent higher occupancy rates than those that don’t.
Hotels in the Cotswold’s like Bowden Hall Hotel, The Lygon Arms Hotel, and The Swan Hotel are all highlighted on Tripadvisor as excellent dog friendly hotels.
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