The European Central Bank (ECB) has called on banks across the eurozone to rapidly enhance their defenses against cyberattacks powered by artificial intelligence. This warning comes as AI technologies increasingly enable more sophisticated and automated hacking attempts, posing risks to financial stability and customer data security. Banks must act swiftly to update their cybersecurity measures to prevent potential disruptions and financial losses.
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Heightened cyber risk concerns could reduce investor confidence in banks, potentially lowering their stock prices.
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