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IMF Warns New AI Models Risk 'Systemic' Shock To Finance - Slashdot

news.slashdot.org·news.slashdot.org·25 days ago
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The IMF is warning that advanced AI-powered cyberattacks pose a serious threat to global financial stability . "IMF analysis suggests that extreme cyber-incident losses could trigger funding strains, raise solvency concerns, and disrupt broader markets," the lender warned in a new report. The report urged greater international cooperation and emphasized resilience, since breaches are "inevitable" -- particularly for emerging economies with weaker defenses. Agence France-Presse reports: The study's authors highlighted the risks posed by the highly interconnected nature of the global financial system, with advanced AI models able to "dramatically reduce" the time and cost of exploiting vulnerabilities.…

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