Global Financial Leaders Warn Advanced AI Could Expose Banking System to Cyber Threats

Across the Atlantic, central banks and regulators are already testing how such technologies could affect financial stability.

Anthropic's logo, in this illustration taken on May 20, 2024. Dado Ruvic/Reuters

Senior financial officials from major economies are raising alarms that the latest generation of artificial intelligence (AI) models could pose significant risks to the global banking system by exposing vulnerabilities in cybersecurity defenses.

Some warnings emerged during the International Monetary Fund and World Bank Spring Meetings from April 13 to April 18.