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Artificial intelligence is rapidly transforming the financial sector, but it is also creating new cybersecurity risks that banks and regulators may not be equipped to handle. That’s the warning from Marlene Amstad, president of Switzerland’s financial regulator FINMA, who says banks and financial watchdogs need to adopt AI-powered security tools much faster as hackers increasingly use artificial intelligence to identify and exploit vulnerabilities. AI Is Changing the Cybersecurity Battlefield According to Amstad, cybercriminals are now able to discover software flaws and launch attacks much more quickly with the help of AI. “As hackers move faster, banks must adapt by patching…
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