AI Is Supercharging Cybercrime— And IMF Says Finance May Not Be Ready

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The International Monetary Fund (IMF) has warned that AI-driven cyberattacks pose a growing threat to financial stability, with extreme cyber-incident losses potentially triggering funding strains, solvency concerns and broader market disruption.

Attack Speed Outpacing Defenses

Advanced AI models can “dramatically reduce the time and cost needed to identify and exploit vulnerabilities,” the IMF said on Thursday. The IMF said Anthropic’s controlled release of Claude Mythos Preview, capable of identifying and exploiting vulnerabilities across major operating systems and web browsers, even by non-experts, highlighted how rapidly the threat is growing.

The international financial institution noted that attackers hold a natural advantage because “discovering and exploiting vulnerabilities can occur faster than patching and remediation.”

Barclays PLC (NYSE:BCS) CEO CS Venkatakrishnan, speaking at a G30 consultancy group meeting during the IMF spring gatherings, called Mythos “a serious issue,” warning it could identify vulnerabilities in financial systems …

Full story available on Benzinga.com

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