The Group of Seven nations will discuss standards on artificial intelligence security and defense, Finance Minister Satsuki Katayama has said.
Speaking in a recent interview, Katayama said that financial institutions ¡°need to decide the order of priority for fixing their systems,¡± in order to prepare for the possibility of advanced AI models detecting a large number of vulnerabilities in their systems.
She added that the G7 nations, which include Japan, will discuss related criteria and work together to tackle cyberattacks.
State-of-the-art AI models, such as Claude Mythos, developed by U.S. startup Anthropic, are believed to be highly proficient in identifying system vulnerabilities.
Katayama has been negotiating with the United States to ensure that major financial institutions in Japan have access to these technologies.
She indicated that it would be challenging for financial institutions to tackle all vulnerabilities, emphasizing the need to identify critical areas beforehand, such as measures against deposit outflows and money laundering.
AI competition is currently centered around the three U.S. firms of Anthropic, Alphabet, which is the parent of tech giant Google, and OpenAI, which is known as the developer of the ChatGPT generative AI chatbot. Experts, however, believe that it is only a matter of time before Chinese companies catch up.
Acknowledging the current technological gap, Katayama said, ¡°The (AI) hierarchy (with the United States at the top) has already been established.¡±
She highlighted the importance of cooperation among Japan, the United States and Europe over the possibility that future advanced AI models released by Chinese companies may be exploited and used in cyberattacks.
She aims to act as a bridge between the United States and Europe at meetings among G7 finance ministers and central bank chiefs.
Japan¡¯s Financial Services Agency is considering using advanced AI models to conduct cyberattack response drills at financial institutions.
¡°Although we¡¯ll consult with the National Cybersecurity Office, it is possible that the financial industry will (hold such drills) ahead of other industries,¡± she said.
?
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.