IMF Warns AI-Driven Cyberattack Could Disrupt Global Financial System The International Monetary Fund has warned that a potential AI-driven cyberattack could disrupt critical financial services including payments systems and access to personal bank accounts, highlighting the growing risk of cyberattacks on the financial system. The International Monetary Fund has issued a warning about the potential for an AI-driven cyberattack that could disrupt critical financial services including payments systems and access to personal bank accounts. The Fund cited concerns that AI cyberattacks are 'hard to contain' and can lead to significant economic losses. This warning comes as the Fund's annual meetings are taking place in Bangkok, where IMF chief Kristalina Georgieva described AI as 'a slow-moving tsunami' that will wipe out jobs around the world. The Fund's global financial stability report highlights the growing risk of cyberattacks on the financial system, particularly as AI technology becomes more prevalent.Retail Disruption And Stock Market RisksIn the UK, several major retailers have suffered from cyber disruption, and the Fund's report notes that AI-driven cyberattacks and other hacking incidents pose a major threat to business and the wider financial system. The report also focuses on the potential for an AI correction on the stock market, which could trigger a broader slump.Borrowers, including the UK government and British households with mortgages, have already suffered on the bond market, with yields on UK gilts soaring to 19-year highs. The IMF's experts attribute the rise in yields to renewed inflation fears due to higher energy prices and extended government balance sheets. They warn of an 'adverse feedback loop' the combination of fiscal imbalances and the increasing use of debt for speculation in the bond markets.