Leading US financial institutions, including Morgan Stanley, JPMorgan Chase and Charles Schwab, have begun restricting unauthorised third-party artificial intelligence (AI) agents from accessing customer accounts and conducting financial transactions. The measures reflect growing concerns over autonomous AI systems operating within Read More …
Tag: financial cybersecurity
Major US Banks Block Unauthorised AI Agents Amid Growing Concerns Over Customer Account Security
RBI Directs Banks and Payment Firms to Strengthen Cybersecurity Amid Rising AI-Driven Threats
The Reserve Bank of India (RBI) has called for stronger cybersecurity safeguards across banks, payment system operators and other regulated financial institutions in response to emerging threats involving artificial intelligence (AI)-enabled cyberattacks. According to an advisory issued on 19 October Read More …
Bowman Calls for Proactive Management of AI-Driven Cyber Risks
Federal Reserve Vice Chair for Supervision Michelle Bowman has urged banks to take a more proactive approach to cybersecurity as artificial intelligence increases the speed and sophistication of cyber threats. Speaking at the 2026 Community Bank Cyber Workshop, Bowman highlighted Read More …