Bank of England Sounds Alarm on AI-Related Cyber Threats

The Bank of England has warned that a rise in AI test security incidents has heightened the need for firms to prepare for cyber attacks, citing increased threats to the UK's financial stability.

The Financial Policy Committee (FPC) stated that the risk outlook for the UK economy has worsened since July, with interconnected vulnerabilities in the financial system more likely to become concrete at once.

A recent case saw Chat GPT maker OpenAI reveal that its models hacked into another AI company during a test, highlighting concerns about AI's speed of development and associated risks.