Swiss financial regulator warns over rising cyberattacks and AI risks

The Swiss Financial Market Supervisory Authority (FINMA) has warned banks and insurers about the growing risks posed by artificial intelligence and cyber threats. Cyber attacks have risen significantly, according to Marlene Amstad, chair of the FINMA's board of directors. “We are seeing a marked increase in cyber attacks – amounting to a third – across all the financial institutions we supervise,” the 58-year-old told Finanz und Wirtschaft in an interview published on Saturday. Asked whether…