Wall Street is worried it can't keep up with AI-powered cybercriminals
1. 80% of bank execs say AI empowers hackers faster than responses. 2. Customer trust, crucial for banks, is threatened by AI-driven cyber attacks. 3. Banks spend millions on cybersecurity but feel overwhelmed by AI advancements. 4. Over 70% of breaches stem from bank vendor supply chains, exposing vulnerabilities. 5. AI can enhance productivity but also creates sophisticated fraud risks.