Bank of England Urges Swift Action to Close Security Gaps in “Frontier AI”

Entire countries and the global economy are increasingly threatened by attacks from new AI models: “So-called frontier AI could fundamentally change the speed, scale, and cost of cyber risks,” wrote Bank of England Governor Andrew Bailey. “This could undermine confidence in markets across the entire system, particularly given the highly concentrated nature of third-party service providers.” Furthermore, while some countries might weather the damage relatively unscathed, others could be caught completely off guard…