New Delhi, Oct. 19 -- Cyberattacks targeting critical financial institutions and market infrastructure could disrupt essential financial services and undermine market confidence, the International Monetary Fund (IMF) has warned, identifying cyber threats as a growing systemic risk as financial services become increasingly digital and interconnected.

In its latest report, the IMF said the potential impact of successful cyberattacks could be severe, particularly if disruptions affect major banks, payment systems or other critical financial infrastructure.

The report highlighted the growing role of advanced artificial intelligence (AI) models in cyber threats, noting that they could be used to strengthen both attacks and defensive capabili...