Artificial intelligence

INTERPOL’s African Cyberthreat Assessment Report 2026 highlights that AI is fuelling 55% of reported cybercrimes across Africa, enabling faster and more sophisticated fraud and digital threats

by Jyotsna Bucktowar | Aug 3, 2026

The report highlights a sharp rise in AI-driven scams, business email compromise, ransomware, synthetic identities and social engineering, with cybercrime losses more than doubling since 2024 to USD 484 million. INTERPOL calls for stronger cross-border cooperation,...

EBA, EIOPA and ESMA call for stronger governance and consistent supervision as growing reliance on frontier AI models creates new systemic ICT risks across the financial sector

by AdrianaAMLP | Jul 31, 2026

The European Supervisory Authorities warn that dependence on a small number of powerful external models could expose banks, insurers and investment firms to common vulnerabilities, service disruption and weaknesses that spread across sectors. They recommend a...

MAS and ABS establish an AI-driven cyber risk taskforce to strengthen financial sector resilience against emerging AI, technology, and cyber threat

by AdrianaAMLP | Jul 28, 2026

The Monetary Authority of Singapore and the Association of Banks in Singapore have formed the AI-Driven Cyber and Technology Risk Taskforce with major banks, the Singapore Exchange and national payment and processing operators. The taskforce will share emerging threat...

ESRB warns that frontier AI models could heighten cyber risks to the EU financial system, enabling more sophisticated attacks and requiring stronger supervisory focus on AI-related threats

by AdrianaAMLP | Jul 7, 2026

The EBA, EIOPA and ESMA support the ESRB’s warning that frontier AI models could increase the scale, speed and sophistication of cyber-attacks affecting the financial system. They note that DORA and the AI Act provide important foundations for resilience, while...

FCA’s Mills Review explores how AI will reshape retail financial services by 2030, highlighting opportunities alongside growing risks from fraud, cyber threats and consumer harm

by Jyotsna Bucktowar | Jul 6, 2026

The report highlights that while AI can improve efficiency, personalisation and access to financial services, it may also increase risks around fraud, cyber resilience, consumer harm and financial crime. It recommends that regulators and firms adapt their approaches...

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INTERPOL’s African Cyberthreat Assessment Report 2026 highlights that AI is fuelling 55% of reported cybercrimes across Africa, enabling faster and more sophisticated fraud and digital threats

EBA, EIOPA and ESMA call for stronger governance and consistent supervision as growing reliance on frontier AI models creates new systemic ICT risks across the financial sector

MAS and ABS establish an AI-driven cyber risk taskforce to strengthen financial sector resilience against emerging AI, technology, and cyber threat

ESRB warns that frontier AI models could heighten cyber risks to the EU financial system, enabling more sophisticated attacks and requiring stronger supervisory focus on AI-related threats

FCA’s Mills Review explores how AI will reshape retail financial services by 2030, highlighting opportunities alongside growing risks from fraud, cyber threats and consumer harm

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