Cyberwarfare: Will terrorists blow up the global finance system with weaponised algorithms?

Cyberwarfare waged by terrorists using weaponised algorithms and artificial intelligence – it sounds like something straight out of “The Fear Index” by Robert Harris, or maybe the plot of a James Bond flick. But this is the new reality and we should be scared – very scared. High frequency trading technologies have infiltrated markets over the last decade leading to unprecedented episodes of volatility and flash crashes, leaving regulators as bewildered as everyone else. Technology which was once confined to investment banks or hedge fund managers has made its way into the retail space, and it can be relatively easily modified. In addition, recent advancements in machine learning and AI are entering a number of fields, including finance. “”We have not yet seen criminals or terrorists weaponise algorithms for attacks,…


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