# Australia's banking regulators, APRA, are sounding the alarm over escalating cyber threats.

*fintech · news · 2026-04-30 · The Economic Times*

## Key points

- APRA warns that Australian banks' cybersecurity practices are lagging behind rapid AI advancements.
- Frontier AI models like Anthropic's Claude Mythos are expected to accelerate and amplify cyberattack risks.
- Anthropic's Claude Mythos Preview is being tested under Project Glasswing with limited access for major tech firms.
- APRA found banks are overly reliant on vendor-supplied AI presentations without fully assessing emergent risks.
- Many bank boards lack the technical literacy to effectively oversee and challenge AI-related cybersecurity risks.

**Companies:** Apple, Amazon, Microsoft, Nvidia, Anthropic
**Countries:** Australia

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/australian-banks-warned-frontier-ai-could-create-larger-faster-cyber-attacks/articleshow/130621679.cms)

---

Canonical: https://newsio.io/n/1a706159-2fcf-46cb-86d9-9795aad95472/australias-banking-regulators-apra-are-sounding-the-alarm-over-escalating-cyber
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works