Bank of England and IMF bosses warn of cyber threat to trust in financial system

By AI Tool Hub Analyst

"Kristalina Georgieva says online fraud could lead people to opt out of system and turn to ‘shoeboxes under their bed’ The heads of the Bank of England and the International Monetary Fund have issued a stark warning that rising cyber-attacks risk undermining trust in the financial system. Speaking on a panel about online fraud at the IMF and World Bank meetings in Bangkok, the governor of the Bank of England, Andrew Bailey, pointed to alarming headlines about self-replicating AI agents hijacking "

Related reading