G7 finance leaders agreed to hold tabletop exercises testing responses to AI-enabled cyberattacks, Japanese Finance Minister Satsuki Katayama said. Reuters reported the decision after finance ministers and central bank governors met in Bangkok on October 15, alongside the IMF’s annual meetings.
G7 financial authorities will develop simulations to assess how they respond to AI-driven attacks, a Japanese finance ministry official told Reuters. Results will be used to test existing protocols and revise incident-response manuals.
Private financial institutions could participate depending on the scenarios, the official said. The report did not provide exercise dates or detailed scenarios. The plan concerns rehearsing responses, rather than announcing that an attack has occurred.
The IMF warned this week that cyber threats could disrupt financial services and weaken confidence, potentially interacting with existing vulnerabilities to create systemic risks. Its assessment puts operational resilience alongside market and funding pressures as a financial-stability concern.
The issue is already drawing scrutiny beyond the G7. South Korea is investigating bank breaches affecting about 68,000 people, with officials examining a possible link to the Artex AI security tool. The extent of the tool’s involvement remains under investigation.
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