World leaders must wise up to threat of cyber-attacks or rogue fridges will be least of their worries | Heather Stewart

The International Monetary Fund's managing director, Kristalina Georgieva, highlighted the growing threat of cyber-attacks during a meeting in Bangkok, where economists and finance chiefs gathered. This issue is particularly concerning as it poses a risk to the financial system, which could have far-reaching consequences for global markets and trade. The example of hackers controlling French fridges to spoil food, illustrates the potential for malicious attacks to cause significant economic losses. This increased risk is also linked to the growing use of artificial intelligence, which can be…

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The increasing risk of digital fraud due to AI is a concern for the financial system. Global cooperation is needed to protect it, but seems unlikely.

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