Bank of England, FCA and Treasury raise alarm over frontier AI

The UK’s financial services firms must take active steps to manage the cybersecurity risks stemming from frontier AI, the UK government, the UK’s Financial Conduct Authority (FCA) and Bank of England have said.

A missive from the trio on May 15 was intended to clarify and reinforce their message “as the operating environment becomes more complex”.

It warned that the sector must put in place “effective protective, detective, threat containment and cyber-response capabilities” in order to mitigate cyber risks posed by the rapidly advancing technology.

Read more at Infosecurity Magazine