AI hack threat forcing banks to review cyber controls

Risk Live: AI lowers barriers to entry for phishing, say firms; more common controls needed

Anti-fraud product of the year: Moody’s Analytics

The adoption of artificial intelligence techniques by cyber criminals is forcing banks to rapidly reassess the key controls they rely on to repel attacks, according to senior cyber security experts – with some fearing current methods of training employees will be rendered ineffectual.

Banks typically rely on a suite of controls, such as privileged access management, endpoint detection and incident monitoring, alongside preventative measures such as staff training and penetration testing.

But rapid

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