Key facts
- G7 finance leaders agreed to conduct tabletop exercises to guard against AI cyber attacks.
- The exercises will test existing protocols and inform revisions to manuals.
- The Bank of England is working with banks on deep cyber-recovery options.
Finance leaders from the Group of Seven (G7) nations have agreed to conduct tabletop exercises aimed at strengthening defenses against cyber attacks powered by artificial intelligence. The decision was confirmed by Japanese Finance Minister Satsuki Katayama following a meeting in Bangkok on the sidelines of the International Monetary Fund's annual gathering.
The simulations, developed by G7 finance authorities, will evaluate the efficacy of current protocols and guide the revision of manuals to better address AI-driven cyber threats. These exercises may involve private financial institutions depending on their design.