Banks Using AI Are Ripe For Russian Sabotage: Report - AI Summary

Banks and other financial institutions utilizing artificial intelligence may be uniquely susceptible to retaliatory Russian cyberattacks as taxing international sanctions worsen, experts warn. Those fears, highlighted in a recent Wall Street Journal report, comes as Russia's war on Ukraine trundles forward into its second month and as an unprecedented barrage of international sanctions continue to chip away at the Russian economy. Andrew Burt, a former policy adviser to the head of the cyber division at the FBI, described AI vulnerabilities as "significant and very widely overlooked" at many financial institutions that have come to rely on them. "I haven't seen any real abilities in terms of being able to defend against the flood of disinformation," Montreal AI Ethics Institute Founder Abhishek Gupta told The Journal. While those security weaknesses are cause for concern even in the best of times, government leaders including President Biden worry Russia may use cyberattacks to lash out against these institutions as sanctions take a continued toll.