Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Monday 20 April 2026 1:40 pm

Ministers urge cyber crackdown as Anthropic AI fears grow

By: Saskia Koopman

Tech Reporter

Add as a preferred source on Google
The ICO said it initially planned to fine Capita a total of £45m, but this was later reduced by “mitigating factors”
law firms, are the "current flavour of the month" for cyberattacks

Ministers have ramped up pressure on UK businesses to strengthen their cyber defences amid concerns that the next generation of AI could supercharge hacking threats.

In a new push led by cyber minister Baroness Lloyd of Effra, nearly 200 business leaders were told to sign a new “cyber resilience pledge”, as fears mount that powerful AI tools could expose them at unprecedented speed.

Her intervention follows the release of Anthropic’s closely watched Mythos model, which triggered alarm across governments, banks and regulators alike.

Early testing suggested it can identify and exploit software weaknesses far faster than a human could.

Bank of England governor Andrew Bailey warned last week that the technology could “crack the whole cyber risk world open”, whilst Baroness Lloyd pointed out: “AI is giving attackers capabilities that would have seemed extraordinary just a year ago and no organisation can afford to be complacent”.

Boardrooms on alert as risk escalates

The government-backed pledge will require firms to treat cybersecurity as a board-level responsibility, adopt baseline protections like Cyber Essentials, and sign up to the National Cyber Security Centre’s early warning systems.

Ministers worry that many firms are unprepared, with only one per cent of UK businesses currently holding Cyber Essentials certification, despite repeated warnings on cyber risk.

Meanwhile, testing by the UK’s Security Insititute found Anthropic’s Mythos model represents a significant leap forward, capable of carrying out multi-step cyber attacks and autonomously exploiting weak systems in controlled environments.

According to the institute, these capabilities could soon be widely accessible – raising the risk of more frequent, faster and more sophisticated attacks on businesses.

Read more

‘Act now’: AI models capable of attacks on governments months away, Five Eyes warn

GettyImages 158774123 showcases a relevant business meeting scene, highlighting diverse professionals engaged in discussion.

Security minister Dan Jarvis is expected to warn this week that cybercrime should be treated with the same seriousness as physical attacks.

“If this damage had been caused by an old-school physical attack, it would have been the equivalent of hundreds of masked criminals… smashing up computers and driving cars right off the forecourt”, he is set to say.

The risks seem to already be materialising, with more than half of UK firms having been hit by state-backed cyber attacks last year, while nearly half say they have already experienced AI-powered attacks.

The National Cyber Security Centre has also warned of a growing “severe cyber threat”, where attacks could lead to prolonged outages, and major financial losses.

Despite this, many companies lack the expertise or budget to deploy advanced defences, leaving a widening gap between the speed of attackers and the resilience of businesses.

Ministers are now urging firms to act before the threat escalates further, warning that preparation cannot be improvised once a major incident hits.

“Cyber-resilience isn’t just a technical issue; it’s a board responsibility,” Lloyd said. “We’re asking every boardroom in Britain to prove they treat it as one.”

Read more

Gambit Cyber Launches Vizier AI – An Autonomous Security Intelligence Workspace for Continuous Exposure Management

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • Andrew Bailey
  • Anthropic
  • Bank of England
  • Cyber
  • cyber attack
  • cyber threat
  • Liz Kendall
  • mythos

Trending Articles

  • Billionaire Easyjet founder in line for £800m payday from takeover

  • Burnham told to launch £100bn tax reform package

  • Construction sector cuts jobs again as house building slumps

  • Pension pressure to help swell UK debt to three times size of economy

  • FTSE 100 Live: Stocks slump as oil soars; Trump says Iran will be ‘hit hard’ tonight

More from City PM

  • ‘Act now’: AI models capable of attacks on governments months away, Five Eyes warn

    Tech
    GettyImages 158774123 showcases a relevant business meeting scene, highlighting diverse professionals engaged in discussion.
  • Gambit Cyber Launches Vizier AI – An Autonomous Security Intelligence Workspace for Continuous Exposure Management

    Business Wire
  • Trump to reject UK plea over Anthropic ban as AI ‘kill switch’ fears grow

    Tech
    Getty Images logo on a modern office building exterior, symbolizing global influence in media and stock photography industry
  • Yubico Joins European Cyber Security Organisation (ECSO)

    Business Wire
  • Jaguar Land Rover eyes cost-cutting and wealthy buyers in cyber attack recovery

    Retail
    JLR logo prominently displayed in an automotive business setting, highlighting the companys brand presence and identity
  • M&S to face shareholder grilling over cyber attack recovery

    Retail
    Marks and Spencer was one of three UK retailers to be targeted
  • Andrew Bailey warns on AI: ‘Everybody is currently priced to be a winner’

    Tech
    Bank of England Governor Andrew Bailey said cited several indicators that the labour market was softening.
  • The Debate: Should CEOs be held personally accountable for cyberattacks?

    Opinion
    Evil-looking keyboard symbolizing cybersecurity threats and hacking risks in a digital landscape.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy