The International Monetary Fund (IMF) has issued a warning about potential risks to global financial stability due to cyberattacks facilitated by advanced artificial intelligence. The IMF’s new report suggests that significant losses from such incidents could strain funding and raise solvency concerns, potentially disrupting broader markets.
The study underscores the interconnected nature of the global financial system, where AI models can significantly reduce the time and cost needed to exploit vulnerabilities. This follows recent warnings from AI company Anthropic about its “Mythos” model, which was found to be highly effective at identifying previously unknown weaknesses in systems.
White House economic adviser Kevin Hassett confirmed efforts are underway to test the model to prevent harm to US businesses and government. The US government has also announced a policy shift allowing it access to new AI models before release for evaluation.
Emerging and developing countries, which often have more severe resource constraints, may be disproportionately affected by such attacks, especially in regions with weaker defenses. The risks are systemic, cross sectors, and pose the threat of contagion due to reliance on a few major platforms and cloud providers.
IMF chief Kristalina Georgieva has emphasized the need for global collaboration and stronger cybersecurity measures to protect financial stability in an AI-driven world.