RBA Sounds Alarm on AI-Driven Cyber Threats

The Reserve Bank of Australia (RBA) has identified artificial intelligence as a significant economic and systemic risk in its external operating environment. The RBA's latest corporate plan highlights AI-fuelled cyberattacks as a potential threat to the central bank's operations.

The increasing frequency, reach, and sophistication of AI-generated cyberattacks have raised concerns about operational degradation. This is a new concern for the RBA, which has previously viewed technological change as a mere facet of its operating environment.