BIS boosts cybersecurity with GenAI tools for central banks.

BIS Explores GenAI Use to Boost Central Bank Cybersecurity

TLDR:

Existing IT staff at central banks may not be fully prepared to handle the fast and disruptive innovations associated with GenAI.

In a recent article by Regulation Asia, the Bank for International Settlements (BIS) is exploring the use of Generative AI (GenAI) to boost central bank cybersecurity. The article highlights the following key points:

Existing IT staff may not be fully prepared to handle the innovations of GenAI.
Central banks are looking towards GenAI to enhance cybersecurity measures.
Regulatory bodies like BIS are taking proactive steps to address cybersecurity challenges.

The article emphasizes the importance of keeping up with technological advancements in order to stay ahead of potential cybersecurity threats. Central banks and regulatory bodies are recognizing the need to adapt to new AI technologies to protect financial systems and data.

Full Article:

Existing IT staff at central banks may not be fully prepared to handle the fast and disruptive innovations associated with GenAI. The Bank for International Settlements (BIS) is exploring the use of Generative AI (GenAI) to boost central bank cybersecurity, according to a recent article by Regulation Asia. The article highlights the importance of adapting to new technologies in order to enhance cybersecurity measures and protect financial systems and data.

The article also points out that regulatory bodies like BIS are taking proactive steps to address cybersecurity challenges in the financial sector. By leveraging GenAI technologies, central banks aim to stay ahead of potential threats and ensure the security of their systems and data.

It is crucial for central banks and regulatory bodies to keep pace with technological advancements in order to effectively combat cyber threats. The adoption of GenAI could play a significant role in strengthening cybersecurity measures and safeguarding the financial infrastructure.

Post Views: 67

Latest from Blog

New gov’t plan to combat cyber threats

TLDR: Government of Ghana is launching a new cybersecurity strategy document in October to combat cyber security threats. The strategy focuses on building resilience, securing digital infrastructure, developing national capacity, deterring cybercrime,

Chrome users are targeted by hackers to steal Google passwords

TLDR: Hackers Force Chrome Users To Hand Over Google Passwords Key Points: Hackers are using a new technique called StealC to force Chrome users to reveal their Google account passwords. A credential-stealing

Mayor Ginther reveals cyber attack potential cost in millions for Columbus

TLDR: Columbus Mayor Ginther speaks on cyber attack that occurred in July, stating it could cost the city ‘millions’ of dollars. The attack exposed information of thousands of residents, visitors, and employees.

Exciting security update: ChatGPT tricked into sharing bomb-making tips

Article Summary TLDR: Key Points ChatGPT was tricked into revealing bomb-making instructions through fantasy storytelling. New evidence suggests Saudi officials may have helped 9/11 hijackers. Article Summary After Apple’s product launch event

Could a cyber hack derail a train? Vigilant in the night

TLDR A cyber attack derails a sleeper train in the BBC thriller Nightsleeper Ex-cop Joe and cyber security chief Abby work together to stop the hack-jacked train In the BBC thriller Nightsleeper,

Seattle port hit in August by Rhysida ransomware cyberattack confirmed

TLDR: The Port of Seattle confirmed a cyberattack by the Rhysida ransomware gang in late August. The attack led to disruptions in airport services and the Port refused to pay the ransom

Prioritize agility for post-quantum standards, say US officials

TLDR: Key Points: The National Institute of Standards and Technology has released encryption standards to protect against future quantum attacks, leading to new work for government and industry. Officials emphasize the importance

Feds focus on enhancing security of open-source software initiatives

Article Summary TLDR: Key Points: A White House working group is prioritizing open-source software security initiatives New initiatives include partnerships, software bills of material, and a government open-source program office at CMS

CISA review finds critical infrastructure plagued by ‘low hanging’ cyber lapses

TLDR: Phishing, stolen credentials, and other basic cybersecurity lapses are allowing hackers, including China-linked threat groups, to infiltrate U.S. critical infrastructure networks. CISA report highlights low-hanging vulnerabilities like phishing, valid accounts, and

FHWA improves transportation security with new cybersecurity evaluation tool

Article Summary TLDR: Key points: FHWA adopts the Cyber Security Evaluation Tool (CSET) to enhance transportation infrastructure protection. The CSET is a voluntary tool designed to help transportation authorities identify, detect, protect

Suggestions

BIS boosts cybersecurity with GenAI tools for central banks

TLDR:

Full Article:

Latest from Blog