ECB Pushes Banks to Prepare for AI-Driven Cyber Risks #

The European Central Bank has given euro zone banks four months to prepare plans for handling AI-enabled cyber threats that could disrupt payments and weaken confidence in the financial system. Banks have been told to prioritise exposed technology systems, third-party software and open-source components, while improving vulnerability management, monitoring and crisis response

The move reflects growing concern that advanced AI tools could increase the speed and scale of cyberattacks against financial infrastructure. Banks must submit their plans by October 31, while the European Systemic Risk Board warned that large cyber incidents could spread through shared technology providers and create wider systemic risks.

Reuters