Firms must enhance cyber security to counter frontier AI threats
The UK’s financial authorities have warned regulated firms to take action against the increasing cyber security risks posed by frontier AI models.
These models have significant implications for cyber security and operational resilience, with capabilities that can exceed those of skilled practitioners at a higher speed and lower cost.
Firms that have underinvested in core cyber security fundamentals are likely to become more exposed to these risks, which could threaten financial stability and market integrity.
Regulated firms are expected to take active steps to plan for and mitigate these risks, including ensuring their boards and senior management have sufficient understanding of frontier AI risks.