G7 to launch exercises to guard against AI cyber attacks
The exercises will test existing protocols and could include private financial institutions as policymakers respond to rising AI cyber risks, an official said.
- On Thursday in Bangkok, G-7 finance leaders agreed to conduct tabletop exercises to guard against AI cyberattacks, Japanese Finance Minister Satsuki Katayama announced at the International Monetary Fund's annual gathering.
- The agreement follows warnings from the IMF that AI-enabled cyberattacks on critical financial services could undermine global market confidence, prompting policymakers to coordinate responses to growing cyber security risks.
- G-7 finance authorities developed simulations to test responses to AI-driven cyber threats. These exercises may eventually include private financial institutions depending on the nature of the simulations.
- Results will test the effectiveness of existing protocols, with officials planning to use findings to revise manuals for better handling of potential AI-driven incidents.
- Separately, the Bank of England is collaborating with banks on deep cyber-recovery options, noting on Thursday that institutions can no longer assume defenses are immune to AI-enabled threats.
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26 Articles
G7 to start drills guarding against AI cyber attacks
Finance chiefs from the world’s leading economies have signed off on simulated war games aimed at stopping artificial intelligence from being turned into a weapon against banks and markets. According to a report from Yahoo Finance, Japanese Finance Minister Satsuki Katayama announced the move after G7 finance ministers and central bank governors met in Bangkok […]
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Correio da ManhãDuring a meeting with G7 finance and central banks, Satsuki Katayama expressed Japan's concerns about the risk management that AI carries.
G7 to launch exercises to guard against AI cyber attacks
Finance leaders of the G7 grouping agreed to hold tabletop exercises to guard against AI cyber attacks, Japanese Finance Minister Satsuki Katayama said, as policymakers increasingly seek to coordinate responses to growing cyber security risks.
G7 finance ministers have agreed to hold simulation exercises to defend against artificial intelligence-enabled cyberattacks, Japanese Finance Minister Katayama Satsuki said after a meeting on the sidelines of the International Monetary Fund's annual meeting in Bangkok. Similar topics will be discussed at the Portfolio Banking Technology conference on November 10. Registration and details here!
(Seoul = Yonhap News) Reporter Kang Hoon-sang = The Group of Seven (G7) have agreed to conduct joint tabletop exercises to respond to cyber attacks exploiting artificial intelligence (AI)...
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