The International Monetary Fund (IMF) has issued a warning that AI-powered cyberattacks are increasingly threatening global financial stability. Advanced AI tools can rapidly identify and exploit system vulnerabilities, outpacing traditional defenses and increasing the risk of severe financial disruptions. The IMF highlights the risk of systemic shocks due to the financial sector's reliance on shared digital infrastructure and calls for urgent cyber stress testing, scenario planning, and stronger international coordination, especially to protect vulnerable emerging economies. This alert comes amid rising AI-driven cyberattacks and concerns over legacy financial systems' ability to withstand these fast-evolving threats.
