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Source The Guardian · Published · Open the original ↗

Capability

World leaders must wise up to threat of cyber-attacks or rogue fridges will be least of their worries | Heather Stewart

Global cooperation seems unlikely despite AI increasing the risk of digital fraud and the need to protect the financial system

R ogue French fridges were an unlikely talking point for the world’s leading economists, central bankers and finance chiefs meeting in a sultry Bangkok last week - helping to underline the spiralling cost of cyber-attacks.

Kristalina Georgieva, the managing director of the International Monetary Fund, seized on news that supermarket chains across France had to chuck out piles of spoiled food after hackers accessed their fridge controls and turned up the temperature to 50C.

Speaking at the fund’s annual meetings in the Thai capital, she was keen to hammer home the importance of guarding against “bad actors” in a rapidly changing, interconnected world - especially now that AI was “putting the potential of digital fraud on steroids”.

The opening of the report, quoted unchanged from The Guardian. The full text continues at the source.

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