A report by Say No to Disinfo and Fenimore Harper warns about the risks of AI-generated disinformation leading to bank runs. In an experiment, customers exposed to fictitious rumors about their bank displayed concerning withdrawal behavior; one-third were very likely to withdraw their money. The findings suggest that a small investment in disinformation, as little as £10, could result in substantial financial withdrawals from banks—exceeding $1 million—indicating vulnerabilities in the banking system due to misinformation.
A recent report shows that AI-generated disinformation poses a substantial risk of triggering bank runs, potentially leading to the collapse of financial institutions.
In a UK experiment, AI-generated rumors influenced a significant portion of bank customers, with a third expressing high likelihood of withdrawing their funds.
The economic impact can be drastic; an investment of just £10 in a fake AI message could lead to withdrawals exceeding $1 million.
This highlights an alarming vulnerability in the financial system, where misinformation could easily sway public perception and trust in banks.
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