FINANCE AND CYBERSECURITY

G7 Plans AI Cyberattack Drills to Protect Global Banks

Western News Daily

WHAT THE G7 AGREED

G7 finance ministers and central bank governors agreed to run tabletop drills simulating AI-driven cyberattacks, according to Reuters reporting.

HOW IT WORKS

Officials work through scenarios without attacking live systems. Results will revise response manuals, and private banks could join.

WHY NOW

The IMF and the Bank of England warned this week that AI is raising cyber risks for banks. No start date for the drills has been announced.

How worried should banks be about AI attacks?

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