Euro zone banks need tighter cyber security amid AI risk, ECB says
Euro zone banks need tighter cyber security amid AI risk, ECB says
https://finance.yahoo.com/sectors/technology/articles/euro-zone-banks-tighter-cyber-084214393.html
Publish Date: 2026-05-27 04:42:00
Source Domain: finance.yahoo.com
Using an unordered list, summarize the following article with between 4 and 8 key points. FRANKFURT, May 27 (Reuters) – Euro zone banks need to invest more in cybersecurity if they are to get a grip on new AI models that can find flaws in software, the European Central Bank’s outgoing Vice President Luis de Guindos said on Wednesday. “We have to understand much better the potential implications of these new models and to try to put in place the systems and cybersecurity patches that can address that situation,” de Guindos told reporters. “And (we have) to try to start to enhance the awareness of the financial institutions of the banks about the need of additional cybersecurity investment, because it’s going to be something that is going to be quite structural in the near future.” (Reporting by Francesco Canepa; Editing by Toby Chopra)
