Banks Ill-Prepared for AI-Powered Cyber Threats, Expert Warns

A cybersecurity expert has raised alarms that financial institutions are not adequately equipped to defend against attacks leveraging artificial intelligence. In a recent interview, the specialist highlighted the growing sophistication of AI-driven cyber threats, which can adapt and evolve faster than traditional security measures. "Banks are behind the curve," the expert stated, noting that AI-powered attacks can bypass standard defenses, automate phishing campaigns, and exploit vulnerabilities in real time. The warning comes as the financial sector increasingly relies on digital infrastructure, making it a prime target for malicious actors using AI to enhance their capabilities. The expert urged banks to invest in AI-based security solutions and employee training to mitigate risks before it's too late.