Head of JPMorgan has said that artificial intelligence is a “double edged sword” for cyber security.
Jamie Dimon, CEO of JPMorgan, said during a call about the bank's latest earnings that AI has "made it worse, it’s made it harder” to develop effective cybersecurity and is creating more vulnerabilities rather than less.
He confirmed that the bank is currently testing the Mythos model, the latest offering from AI firm Anthropic, with seemingly mixed results.
“AI’s made it worse, it’s made it harder,” Dimon told analysts in the call.
“It does create additional vulnerabilities, and maybe down the road, better ways to strengthen yourself too.”
However, he also gave assurance that JPMorgan was continuing to invest heavily in protecting against cyber threats.
“We spend a lot of money. We’ve got top experts. We’re in constant contact with the government,” he said. “It’s a full-time job, and we’re doing it all the time.”
