CBC urges stronger cyber resilience amid AI risks

The Central Bank of Cyprus (CBC) has highlighted a new warning from the European Systemic Risk Board (ESRB) over the growing cyber risks posed by advanced artificial intelligence models, saying it will continue to monitor developments closely and expects financial institutions to strengthen their resilience against emerging threats.

The warning concerns frontier artificial intelligence models, which the ESRB said could significantly reshape the cyber threat landscape in the short to medium...