The International Monetary Fund said Friday that rapid developments in artificial intelligence could improve protection against cybercrime, but may also introduce new threats capable of destabilizing the financial system on a broader scale.
The IMF warned that a major cyberattack causing significant financial losses could create liquidity pressures, intensify solvency risks and spread disruption throughout global markets.
The organization’s comments reinforce concerns already raised by regulators in the United States, the European Union and other jurisdictions regarding AI technologies that could be used to conduct increasingly advanced cyberattacks.
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