The managing director at the International Monetary Fund warns that global financial systems may be exposed to AI-driven risks that are growing faster than defenses.
In a new Face the Nation interview, Kristalina Georgieva says AI cybersecurity threats are increasing rapidly, raising concerns about large-scale attacks on the financial system.
She highlights that the international system lacks the tools needed to defend against AI-driven cyber attacks.
“Well, because we get into cybersecurity and the risks have been growing exponentially. Yes, we are concerned. We are very keen to see more attention to the guardrails that are necessary to protect financial stability in a world of AI…
We don’t have the ability, as a world, to protect the international monetary system against massive cyber risks. We have to work on that.”
Georgieva says the IMF is working with member countries to better understand how to manage those threats, emphasizing that time is of the essence.
“We have a responsibility at the Fund. We are actually working with our members to bring that common understanding of what the risks are, how they can be managed, because time is not our friend on this one.”
She also says the need for global coordination is paramount, warning that the risks are not confined to any single country.
“We do need the key institutions for financial stability. And of course, major central banks are among those. And we also need them to work together. Because, yes, this is an issue that has been addressed here in the United States. But it is an issue that easily can present itself in other parts of the world.”
Georgieva’s comments come as news has emerged that the U.S. Treasury Department and the Fed have summoned the CEOs of the largest banks in the country over concerns about the cyber risks presented by Anthropic’s Claude Mythos model. IBM recently said Mythos stands above all other models because of its ability to chain vulnerabilities or combine minor flaws into a single, effective attack.
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