Frontier AI models are finding cyber security vulnerabilities faster than financial services companies can fix them, according to the UK regulator, which warned it could cause “operational instability” at some firms.
The Financial Conduct Authority said the growing use of AI models at financial services companies to search for flaws in cyber defences is threatening to create “bottlenecks” because the new technology is finding so many problems that they are struggling to keep up.
The warning from the regulator on Wednesday, following its review of how firms are using AI to bolster cyber security, is the latest sign of how the new technology is raising concerns about the financial system’s ability to defend itself against external attacks.
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