On May 11, the International Monetary Fund (IMF) released its latest Global Financial Stability Report, strongly warning that the rapid adoption of artificial intelligence (AI) in finance is significantly amplifying cyber risks and posing a tangible threat to global financial stability. The report notes that while AI improves financial institutions’ efficiency, risk management and anti-fraud capabilities, it is also being exploited by hackers to develop more targeted, stealthy attack tools—including deepfakes, automated malicious code generation and intelligent phishing—sharply raising attack success rates and damage potential. The IMF calls on regulators worldwide to integrate cybersecurity into the core financial stability framework, mandate AI-related cyber risk stress tests for financial institutions, strengthen data governance and model safety, and promote cross-border regulatory coordination and information sharing. The report stresses that if risks spiral out of control, they could trigger systemic risks across institutions and markets, disrupting core financial infrastructure in banking, payments, securities and insurance.