News about G7

On October 16, Japanese Finance Minister Satsuki Katayama said the G7 plans to hold tabletop drills on AI risks as financial services become increasingly digital and interconnected. The announcement followed a meeting of G7 finance ministers and central bank governors in Bangkok on October 15. The article warns that AI can shorten the time from finding a vulnerability to exploiting it, and that reliance on common infrastructure or providers could let one incident hit several financial institutions. The G7 Cyber Expert Group completed a simulation on May 18 of a large-scale cyberattack across G7 jurisdictions. No date has been set for the new drills.