AI Emerges As Top Cyber Threat for Next 12 Months, Companies Underprepared: Report
AI Emerges As Top Cyber Threat for Next 12 Months, Companies Underprepared: Report
Publish Date: 2026-07-01 13:12:00
Source Domain: www.ndtv.com
- AI-enabled cyber threats identified as the leading risk in financial institutions for the next 12 months, according to the RBI’s Financial Stability Report.
- Only 5% of institutions feel mature in handling AI-related cyberattacks, with most in the initial or developing stages.
- Third-party or supply chain risks are considered the second most significant risk, with 93% of institutions relying on external vendors for cybersecurity functions.
- Geopolitical tensions are believed to increase the probability of cyberattacks, with 42% of institutions reporting heightened vigilance.
- Financial institutions face vulnerabilities from cyber incidents that could disrupt critical infrastructure, causing service outages, data breaches, and weakening public confidence in the financial system.