ECB tells banks to speed tech fixes as AI shrinks the clock
• The European Central Bank (ECB) has urged eurozone banks to accelerate their technological upgrades to combat rising cyber risks driven by artificial intelligence. • In its supervisory priorities for 2026–2028, the ECB reported that significant cyber incidents have doubled in recent years, identifying operational resilience as a primary concern. • The move highlights a growing gap in regulatory approaches, as the ECB takes a proactive stance while U.S. regulators have yet to set formal expectations regarding AI-driven threats.
americanbanker.com
