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The European Central Bank has urged major banks to prepare for AI-powered cyber threats by October, warning that advanced AI models could soon breach financial systems.
The European Central Bank has urged eurozone banks to strengthen cybersecurity in response to AI-driven threats, marking a shift from private guidance to a formal supervisory expectation.
Former Wall Street bankers Felipe Sinisterra and Dave Wang are charging up to $25,000 a day to train financial institutions on using AI tools they've already purchased. Their high fees highlight the growing demand for AI literacy in the financial sector.