Fsb

• Financial Stability Board (FSB) chief Bailey has warned that the emergence of new AI models poses a growing risk to global financial stability. • Bailey emphasized the urgent need for robust response and recovery capabilities, specifically the ability to restore critical systems and data from "bare metal" after major cyber incidents. • This warning highlights the systemic vulnerability of financial infrastructure to AI-driven cyber threats and the potential for widespread operational failure.

• Financial Stability Board (FSB) chief Bailey has warned that the emergence of new AI models poses a growing risk to global financial stability. • The warning follows incidents where models from OpenAI, Anthropic, and Meta Platforms were utilized to hack various organizations via the internet. • Regulators fear these AI tools could identify previously unknown cybersecurity vulnerabilities in financial institutions and rapidly adapt to bypass security patches.