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The security layer in global financial infrastructure operates on an asymmetry: attack costs fall with automation while defense costs scale with the complexity of the systems being protected.
That asymmetry is why Bank of England Governor Andrew Bailey's warning about frontier AI matters beyond the usual regulatory noise.
Bailey has raised the alarm that new AI models could materially increase cyber risks to the global financial system. Modern financial networks are deeply coupled.
Payment rails, clearing houses, interbank messaging systems, and trading infrastructure share interconnects that span jurisdictions and institutions.
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