G7 to launch exercises to guard against AI cyber attacks
XLF•G7 finance leaders agreed to hold tabletop exercises simulating AI-driven cyber attacks, with results used to test existing protocols and revise response manuals.
1. G7 agrees to simulations
G7 finance leaders agreed to hold tabletop exercises on frontier AI to prepare for cyber attacks, Japanese Finance Minister Satsuki Katayama said. The plan will involve simulations developed by G7 finance authorities to test responses to AI-driven attacks.
2. Protocols under review
The results will be used to assess existing protocols and revise manuals. Private financial institutions could take part, depending on the simulations.
3. Regulators address AI risks
Banking regulators globally are reportedly stepping up efforts to contain AI risks. The Bank of England is working with banks on cyber-recovery options, its deputy governor said.
