The Bank for International Settlements emphasizes the need for banks to adapt to faster cyber threats, urging immediate fixes over routine schedules.
The Bank for International Settlements (BIS) has issued a stark warning to financial institutions regarding the increasing speed of cyberattacks, particularly those powered by artificial intelligence. The BIS states that conventional patching schedules are becoming inadequate, urging banks to prioritize immediate fixes over routine maintenance. This shift in approach calls for banks to accept planned downtime for urgent updates to their systems.
Reporting based on public statements, filings, and reporting gathered from multiple sources.
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