A recent British study has revealed that artificial intelligence AI-generated fake news increases the risk of bank runs, posing a significant threat to financial stability.
Researchers emphasize that banks must enhance their monitoring systems to detect and counteract disinformation before it influences customer behavior.
The study, conducted by UK research organization Say No to Disinfo in collaboration with communications firm Fenimore Harper, highlights how generative AI can create misleading content, including fabricated news stories and memes, falsely suggesting that customer deposits are at risk. Such content can be widely disseminated through paid advertisements on social media, further amplifying the potential damage.
Concerns about the role of social media in bank runs have been growing, particularly after the 2023 collapse of Silicon Valley Bank, when depositors withdrew $42 billion in just 24 hours. The integration of AI into misinformation campaigns has exacerbated these risks.
