{
  "id": 14139485,
  "title": "IMF warns of AI market correction, cyber threats to financial system",
  "url": "https://urgent.news/2026/10/13/imf-warns-of-ai-market-correction-cyber-threats-to-financial-system-14139485",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T06:17:22.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/global/imf-warns-ai-market-correction-cyber-threats-financial-system"
  },
  "original_language": "en",
  "account": "The International Monetary Fund has issued a warning regarding the potential risks posed by artificial intelligence to the global financial system. In its latest Global Financial Stability Report, released during the World Bank's annual gathering in Bangkok, the IMF highlighted \"elevated\" risks stemming from AI-related market corrections and cyber threats that could lead to \"severe\" consequences for the financial sector.\n\nThe rapid growth of AI, driven by the demand for semiconductors and data centers, has contributed to global growth despite geopolitical tensions. However, the IMF notes that AI capabilities might be achievable with lower investment levels or that anticipated economic gains could be overestimated. This potential underperformance could trigger a market correction.\n\nCybersecurity remains a pressing concern, as severe cyber incidents could undermine market confidence and disrupt critical financial infrastructure. Athanasios Vamvakidis, deputy director of the IMF's Monetary and Capital Markets Department, emphasized that the policy focus should be on enhancing resilience before new shocks hit the economy.\n\nThe report emphasizes the increasing threat of cyberattacks, which are worsened by the rapid digitization of financial systems. The IMF warns that emerging markets with insufficient resources for cyber prevention are particularly vulnerable to such attacks. While advanced AI models could potentially be used for cyberattacks, they also have a role in cybersecurity defense.\n\nAnother risk highlighted by the IMF is a surge in bond yields, which, if uncontrolled, could result in significant shocks due to their foundational importance in sovereign bond markets. Energy price increases driving inflation and forcing monetary tightening could exacerbate this vulnerability.",
  "summary": "While AI is increasingly a source of economic vitality globally, it is also presenting unprecedented risks, the Fund said",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/14139485.png",
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "This Is Money",
        "title": "AI cyberattack could bring global financial system to a screeching halt, warns IMF",
        "url": "https://urgent.news/2026/10/13/ai-cyberattack-could-bring-global-financial-system-to-a-screeching",
        "published": "2026-10-13T03:15:46.000Z"
      },
      {
        "outlet": "RTE News",
        "title": "IMF warns of 'elevated' AI risk to world financial system",
        "url": "https://urgent.news/2026/10/13/imf-warns-of-elevated-ai-risk-to-world-financial-system",
        "published": "2026-10-13T06:05:00.000Z"
      },
      {
        "outlet": "The Hindu - Sci-Tech",
        "title": "IMF warns of AI market correction, cyber threats to financial system",
        "url": "https://urgent.news/2026/10/13/imf-warns-of-ai-market-correction-cyber-threats-to-financial-system",
        "published": "2026-10-13T06:13:13.000Z"
      },
      {
        "outlet": "Punch",
        "title": "AI market correction, cyberattacks threaten financial system, IMF warns",
        "url": "https://urgent.news/2026/10/13/ai-market-correction-cyberattacks-threaten-financial-system-imf-warns",
        "published": "2026-10-13T08:26:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}