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UK regulators warn firms on AI-driven cyber risks
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UK regulators warn firms on AI-driven cyber risks
The Bank of England, the Financial Conduct Authority (FCA) and HM Treasury have issued a joint statement warning that frontier AI models pose a growing and material threat to the cyber resilience of regulated financial firms and financial market infrastructures (FMIs). The three authorities have set out that firms must take active steps across governance, vulnerability management, third-party risk, protection, and response and recovery to addres…
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