Lagarde warns AI could amplify market shocks and cyberattacks
- —Nine in ten large eurozone banks use generative AI
- —Only 5% of asset managers allow fully or partly autonomous AI trading
- —Time from vulnerability discovery to attack has fallen from weeks to hours
- —Lagarde urged banks to strengthen cyber defenses and prepare for sector-wide attacks
Why it matters: Growing reliance on AI across finance raises the risk of synchronized selloffs and fast-moving cyberattacks, which could spill over into crypto market volatility.
Source: Crypto Insiders