Banks need ‘bare metal’ recovery in face of AI risks, says BoE’s Breeden
Sarah Breeden said banks should test independent recovery systems as regulators warn AI could drive larger cyber attacks and threaten financial stability.
6 Articles
6 Articles
BoE Warns Banks Against AI Cybersecurity Risks
England’s central bank is warning lenders they shouldn’t assume they are invulnerable to artificial intelligence (AI)-powered cyberattacks. Sarah Breeden, deputy governor of the Bank of England (BoE) said Thursday (Oct. 15) that advances in artificial intelligence (AI) meant the technology now presents a “systemic risk” to the world financial system. “It’s not enough now to […] The post BoE Warns Banks Against AI Cybersecurity Risks appeared fir…
Banks need ‘bare metal’ recovery in face of AI risks, says BoE’s Breeden
BANGKOK/LONDON, Oct 15 : Bank of England Deputy Governor Sarah Breeden said on Thursday the central bank was working with banks on deep cyber-recovery options, arguing that lenders can no longer assume their defences are impenetrable in the face of AI-enabled cyber attacks. Breeden also warned that AI advancements had reached a level where the technology […]
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