AI cyber security risk ‘top of list’ for banking threats, says UK regulator The outgoing chief of the PRA, Sam Woods, has expressed significant concern regarding the vulnerabilities present in the IT systems of lenders. He specifically highlighted artificial intelligence (AI) as a primary cyber security risk to the banking sector. This concern stems from potential weaknesses within the technological infrastructure of financial institutions.

• Outgoing PRA chief Sam Woods is very concerned about lender IT system vulnerabilities.
• AI is identified as a top cyber security risk for the banking sector.
• Concerns are focused on potential weaknesses in financial institutions’ IT systems. Continue reading https://www.ft.com/content/c5f7a9f0-d3d1-499c-aafb-ad03c85730bd