Luxembourg view of AI risks: manipulation & fraud

In Luxembourg as in the wider world of finance, the marvels of artificial intelligence are being celebrated, but there’s a growing focus on the potential downsides. The risk of fraudulent behaviour and manipulation in financial markets is looming large, and both local and international cybersecurity experts are warning that today’s hackers may enhance their abilities through AI. This advancement is happening while numerous organisations are neglecting basic cybersecurity measures.