Can A.I. Cause a Bank Run?
|NEW REPORT |
|NEW REPORT |
When exposed to a targeted disinformation campaign, 60.8% of polled individuals express a likelihood of moving their money from a target bank, revealing the potent ability of synthetic content to incite financial instability.
Say No to Disinfo and Fenimore Harper Communications simulated an AI-powered disinformation campaign, with the goal of causing a bank run in the United Kingdom.
For every £10 spent on ads, as much as £1 million could be moved. This demonstrates the extraordinary cost-effectiveness of AI-driven influence operations in triggering bank runs.
Banks which focus on cyber threats neglect the risks posed by influence operations. A lack of disinformation expertise, threat mapping, and war gaming, may leave them critically vulnerable.
28 PagesABOUT FENIMORE HARPER
Fenimore Harper is a digital communications firm specialising in monitoring, disinformation and online narratives. It was founded in 2021 by Marcus Beard, after working as a communications adviser at HM Treasury, Cabinet Office and 10 Downing Street.
Fenimore Harper’s research has appeared in The Times, The Telegraph, The Independent, The Guardian, and Bloomberg. It has also provided evidence for the House of Lords Communications and Digital committee’s report on the ‘Future of News’ and fed into Ofcom’s research on deceptive deepfakes.
CONTACT: marcus@fenimoreharper.com - 07809323683