Bank of England Warns of Systemic AI Cyber Risks to Financial Sector

Sarah Breeden wants banks ready to rebuild from bare metal. It is a reassuring phrase if you do not think about it.

Bank of England Deputy Governor Sarah Breeden warned that AI-enabled cyber attacks pose a systemic risk to global financial infrastructure. The BoE is urging banks to develop 'bare metal' recovery options and is surveying preparedness for quantum computing threats, highlighting the need for robust defenses against advanced AI-driven cyber threats.

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