G7 will launch new measures against artificial intelligence cyber attacks: drills

Finance leaders of the G7 group agreed to hold tabletop exercises to take precautions against artificial intelligence-driven cyber attacks. Japanese Finance Minister Satsuki Katayama stated that policymakers are increasingly trying to coordinate responses to increasing cybersecurity risks.

The deal comes after the International Monetary Fund (IMF) warned this week that an AI-powered cyberattack on a critical service of a financial institution could undermine trust.

In his statement after the meeting of finance ministers and central bank governors of the G7 developed economies held within the scope of the IMF annual meeting held in Bangkok, the capital of Thailand, Katayama said, "G7 finance undersecretaries were discussing the idea of ​​holding tabletop exercises on the most advanced artificial intelligence, and this idea was approved at the ministerial level."

SIMULATIONS WILL BE TESTED

A Japanese finance ministry official who attended the finance leaders' meeting said the plan would include simulations developed by G7 finance officials to test how they might respond to artificial intelligence-driven cyber attacks.

The results will test the effectiveness of existing protocols and be used to revise guidelines to better deal with such events, the official said.