BoE and IMF chiefs warn cyber-attacks threaten financial system trust

Bank of England Governor Andrew Bailey and IMF Managing Director Kristalina Georgieva issued a joint warning at the IMF/World Bank meetings in Bangkok that rising cyber-attacks, including AI-driven device hijacking and infrastructure sabotage, risk eroding trust in the global financial system. The warning signals heightened official concern about systemic cyber risk, though no specific incident or immediate threat was cited. This elevates cyber resilience as a priority for financial regulators and could prompt policy action.