BaFin warned that cyber risks are growing and substantial as AI advances, and said it is creating a new division to conduct targeted inspections at financial firms. The message underscores higher compliance and cybersecurity scrutiny for banks and other regulated firms, but no specific incidents, fines, or financial estimates were disclosed.
BaFin warned that cyber risks are growing and substantial as AI advances, and said it is creating a new division to conduct targeted inspections at financial firms. The message underscores higher compliance and cybersecurity scrutiny for banks and other regulated firms, but no specific incidents, fines, or financial estimates were disclosed.
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