On June 22, the Five Eyes issued a joint statement warning that the evolving artificial intelligence (AI) landscape “is rapidly transforming cyber risk, and we must act swiftly to remain ahead”. The call to action from the intelligence alliance comprising the United States, the United Kingdom, Canada, Australia and New Zealand marks a significant inflection point, not only in how governments understand cyber risk, but also in how powerfully advanced AI is compressing cyberattack timelines. “The rapid pace of frontier AI development means cyber risk assumptions can become outdated in months, not years. We must act before and be prepared to adapt and withstand evolving threats,” the Five Eyes’ representative cybersecurity executives wrote in the statement. “Cyber resilience is not an IT issue—it is central to operational continuity and market trust. Leaders who act now will reduce exposure, strengthen resilience, and build confidence with customers, partners, and investors. Those who delay will face growing and avoidable risk.”
Full report : AI offers benefits to banks, yet it may also significantly increase cyber risk, as advanced attacks could outpace an institution’s cyber security capability.
