G7 Agrees to Simulate AI-Driven Cyberattacks on Global Banking Infrastructure
G7 finance ministers and central bank governors have agreed to conduct tabletop exercises simulating AI-driven cyberattacks on the financial sector. The initiative, announced in Bangkok during IMF meetings, aims to test how regulators and institutions detect, contain, and recover from breaches using advanced AI tools. While the specific dates and scenarios remain undisclosed, the move follows warnings from the IMF and Bank of England that AI is accelerating cyber threats, potentially undermining public confidence in financial stability.