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The Economic Times

Technology

AI-driven cyber risk is top concern for global financial stability, watchdog says

Andrew Bailey G20 Artificial Intelligence

Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system, saying the technology could change the speed, scale and economics of an attack.

The FSB is a global watchdog that seeks ‌to identify ⁠and manage ⁠risks in financial systems.

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