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The Fintech Times

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DFSA Warns of Rising AI-Driven Cyber Threats and Calls for Global Regulatory Collaboration

  • 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.

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