The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has issued a stark warning that the global system is unprepared for the significant threats posed by artificial intelligence (AI), particularly in the realm of cyber risks.

• This warning comes as Kenya's banking sector grapples with annual cyber losses amounting to billions of shillings.
• Key organizations involved include the IMF and Kenya's banking sector.
• Experts believe AI will exacerbate these existing cyber vulnerabilities, highlighting the urgent need for global preparedness.