Banks boost defenses against AI-driven cyberattacks

Major financial institutions are significantly enhancing their cybersecurity measures in response to a surge in AI-powered cyberattacks. Reports indicate that AI is now responsible for a substantial 76% of these threats, prompting banks like JPMorgan Chase, Lloyds, and Santander to implement more robust defenses. This escalation in sophisticated attacks necessitates a rapid adaptation of security protocols. The financial sector is experiencing unprecedented changes in the speed and nature of cyber threats, underscoring the critical need for advanced and proactive security strategies to protect sensitive data and systems.