The Dubai Financial Services Authority (DFSA) warns of increasing cyber threats driven by AI and automation tools in its new report.
The report highlights bad actors using AI for reconnaissance and execution, with ransomware attacks and supply chain threats on the rise.
Regulators and financial institutions are urged to prioritize cyber resilience in the face of evolving cyber risks and the reshaping regulatory priorities due to emerging technologies.
The DFSA emphasizes the importance of global regulatory collaboration to address cyber threats and enhance operational resilience amidst rapid innovation in the financial sector.