✉news BusinessBanking first seen 13 h ago, last 6 h ago, peak #22
IMF warns of rising AI-powered cyberattacks on financial system
Original: The International Monetary Fund (IMF) warned that cyberattacks using artificial intelligence (AI) ha..
The International Monetary Fund has warned that cyberattacks using artificial intelligence pose a growing threat to the global financial system. The fund cautions that AI tools make attacks faster, more sophisticated and harder to detect, increasing risks for banks and regulators. The warning adds to mounting concern among policymakers about financial stability as criminals and defenders alike adopt the technology.
Why now: Regulators and banks are racing to assess AI-related security risks to the financial system.
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