Canada’s Carney compares Anthropic shutdown to 2008 financial crisis, warns of AI “model risk”


TL;DR

PM Carney says the Anthropic model ban shows the risk of AI over-reliance, comparing it to 2008’s systemic bank linkages ahead of the G7.

Canadian Prime Minister Mark Carney said Sunday that the US export ban that forced Anthropic to shut down Fable 5 and Mythos 5 demonstrates the danger of depending on a small number of powerful AI models. Speaking to reporters during a visit to Ireland, Carney framed the suspension as a warning about systemic vulnerability rather than a failure by any single company.

The situation we’re in collectively right now with Mythos and Fable is something that can happen with over-reliance on certain models,” Carney said. “Nobody’s done anything wrong in this situation, but we will have done something wrong if we just accept this, don’t take the lesson, don’t build out and diversify.

The former central banker then drew a direct parallel to the 2008 financial crisis. Carney, who led both the Bank of Canada and the Bank of England before entering politics, said “we have similar things in terms of model risk” and called for redundancy and diversity in AI infrastructure, the same principles regulators imposed on the banking system after the collapse of Lehman Brothers.

The analogy carries weight because of who is making it. Carney was governor of the Bank of Canada during the 2008 crisis and subsequently became the first non-British governor of the Bank of England, where he spent six years strengthening financial system resilience. When he warns that concentrated AI dependence mirrors the systemic linkages that nearly destroyed the global banking system, the comparison draws on direct experience rather than rhetorical convenience.

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Carney said there is a “good flow of information” between the Canadian and US governments on AI and acknowledged that Washington has identified “some risks” with Anthropic’s latest models. But his emphasis was on the structural lesson, not the specific dispute between Anthropic and the US Commerce Department.

The comments arrive days before the G7 summit in Évian-les-Bains, France, which runs from 15 to 17 June and has AI governance prominently on its agenda. Anthropic’s Dario Amodei, OpenAI’s Sam Altman, and Google DeepMind’s Demis Hassabis are all slated to attend a working lunch with G7 leaders on Wednesday. Carney said he has already discussed AI with French President Emmanuel Macron.

We need to make progress” on AI, Carney said, but cautioned that “there will not be a mission accomplished banner that comes out of the G7.” The remark suggests Canada will push for substantive commitments on AI diversification at Évian rather than symbolic declarations.

Canada has been positioning itself on this front. On 4 June, Carney launched “AI for All,” a $2.3 billion national AI strategy that includes sovereign computing infrastructure, a national supercomputer, and plans to raise business AI adoption from 12% to 60% by 2034. The strategy explicitly frames dependence on foreign cloud providers as a vulnerability.

The Anthropic suspension has now given Carney a concrete, real-time example to cite at the G7. A US government decision to invoke export controls against a single AI company cut off access to its most capable models for every user outside the United States, including allies. For G7 nations building their economies around AI capabilities they do not control, the implications are difficult to ignore.

Carney’s Ireland visit also produced a bilateral agreement between Canada and Ireland on AI cooperation, tech collaboration, and food security. Ireland currently holds the presidency of the Council of the European Union, making it a strategic partner for Canada as it seeks to deepen ties with Europe on AI, defence, and critical minerals.

The broader pattern is accelerating. The EU published a tech sovereignty package earlier this month curbing US cloud dependence. India has proposed a $5 billion sovereign AI fund in the wake of the Anthropic suspension.

Britain’s Cosine is rallying BT, HSBC, and BAE to build a sovereign frontier model. Carney’s 2008 analogy suggests he sees these as early moves in a structural realignment, not isolated reactions.



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Recent Reviews


Ghost CMS flaw abused to push ClickFix attacks on hundreds of sites

Pierluigi Paganini
May 25, 2026

Threat actors are actively exploiting a security flaw, tracked as CVE-2026-26980, in Ghost CMS that was fixed months ago in real attacks against unpatched websites. According to Qianxin, the campaign has already affected more than 700 sites, including well-known organizations and universities.

The vulnerability is an SQL injection issue in Ghost’s Content API that can let an attacker read data from the database without logging in. In the worst case, this can expose the Admin API key, which can allow attackers to take over the site.

That key matters because it can be used to change published content. In this campaign, attackers used it to edit articles on compromised Ghost sites and insert malicious JavaScript at the end of pages. The goal was not just defacement, but to turn trusted websites into launch points for further malware delivery.

“After an in-depth investigation and analysis, we determined that this was not a targeted intrusion against the customer, but rather a large-scale poisoning campaign by an in-the-wild attack group targeting Ghost CMS. Although CVE-2026-26980 was publicly disclosed as early as February 19, a large number of users did not patch and upgrade in time, providing an opportunity for attackers.” reads the advisory published by Qianxin. “At least two groups are currently actively conducting such poisoning operations, and some sites have even become the target of competition between the two parties, with different malicious code being implanted one after another within a single day.”

The inserted code led visitors through a two-step chain. First, the page loaded a remote script that checked the browser and decided what the visitor should see. Then real victims were redirected to a fake verification page that looked like a normal “I’m human” check.

This is where the ClickFix part began. The page told users to press Windows+R, paste a command, and hit Enter. In practice, that command downloaded and started a malware payload on the victim’s machine. It was a classic social engineering trick: make the user do the dangerous part themselves.

Qianxin says the first signs of this activity appeared in early May. The malicious code found in the campaign had a compilation date of February 16, the same day Ghost announced the fix for CVE-2026-26980. That suggests the attackers moved quickly once they saw how many sites had not been updated.

The affected websites cover a wide range of sectors. Roughly half are personal blogs or independent sites, but the list also includes technology blogs, AI sites, media outlets, crypto projects, and educational institutions. Qianxin researchers say victims include sites linked to Harvard, Oxford, and DuckDuckGo.

The attack chain was also designed to be flexible. The loaders could fetch different payloads depending on the target, and the operators changed infrastructure several times.

“entire attack process has obvious five-stage characteristics of “CMS Takeover → Page Poisoning → Two-stage Loading → Social Engineering Lure (FakeCaptcha/ClickFix) → Malware Delivery”, and the entire process is highly automated: bulk vulnerability scanning → automatic key extraction → bulk injection → dynamic C2 distribution.” states the report.

In some cases, they switched domains after detection, keeping the campaign alive even when part of the chain was blocked.

“Through feature scanning of publicly accessible pages, we have cumulatively identified more than 700 poisoned victim domains, and have proactively contacted the sites for which contact information could be obtained, notifying them of the poisoning.” continues the report.

Qianxin also believes at least two different groups are involved. In some cases, the same site was hit more than once, with one attacker replacing the code left by another. That makes the campaign harder to clean up and shows how attractive compromised Ghost sites have become for abuse.

For site owners, the advice is straightforward. Ghost should be updated immediately, all credentials should be rotated, and site logs should be reviewed for suspicious admin API activity. Any injected scripts should be removed from the database itself, not just from the visual editor. Visitors who may have reached a poisoned site should also be warned.

The report includes Indicators of Compromise (IoCs) for the attacks observed by the researchers.

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Pierluigi Paganini

(SecurityAffairs – hacking, Ghost CMS)







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