Content generated in AI poses risks of running more banks, UK research show
Elizabeth Haucroft
PARIS (Reuters) – Fake news generated by artificial intelligence and spread on social media must improve surveillance to detect when there is a risk that affects customer behavior It raises the risk of bank execution, according to a new UK survey.
Generic AI can be used to create fake news articles that say that customers’ money is not safe. Or a meme joke about security issues that could spread to social media using paid ads, published by a UK research company, fired and communications company Fennimore Harper.
Banks and regulators are increasingly concerned about the risks that social media will promote in banking operations after depositors withdrew $42 billion in 24 hours following the collapse of Silicon Valley Bank in 2023.
Advances in AI have supercharged these risks. The G20 Financial Stability Committee warned in November that the generation AI could “generate and spread disinformation that causes acute crisis” by malicious actors.
He said no to Dionfo and showed the sample AI-generated content to UK bank customers, finding that a third is very likely to move money after seeing it.
“New risks to the financial sector are growing rapidly, but often overlooked as AI is becoming easier, cheaper, faster and more effective than ever,” the report said. It states. Seconds.
The study estimated that every 10 pounds ($12.48) to social media ads could move up to £1 million customer deposits.
Estimates were calculated using estimates of the average deposits held by UK customers, the costs of social media ads, and the number of people who view them.
Banks need to monitor media and social media mentions, and such surveillance must be integrated with a withdrawal surveillance system to identify malicious information affects customer behavior. There is, the researchers said.
When asked about the study, Woody Malouf, director of financial crimes at Revolut, was asked to monitor in real time the London-based Fintech has been monitoring new threats between customers and “crossing the broader ecosystem.” He said that.
“We believe that industry events like this are unlikely, but it is still possible, so it is essential that financial institutions be prepared,” he said, adding that social media platforms are more likely to stop threats. He added that he needs to play a major role.