Image: EasternEyeBank of England Sounds Alarm: AI Could Make the Financial System More Vulnerable to Cyberattacks
• The Bank of England has issued a warning that rapid advancements in artificial intelligence are increasing cyber risks and exposing critical vulnerabilities within the financial system. • The central bank emphasizes that AI tools are enabling more sophisticated attacks, making financial markets more susceptible to systemic disruptions. • This alert underscores the urgent need for financial firms to strengthen their operational resilience to counter evolving, AI-driven threats.
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