The AI craze is a double-edged sword for our banking giants
- May 5
- 1 min read
SYDNEY MORNING HERALD — “In a conventional cyberattack, especially those that could potentially be very aggressive, it takes time for the cyberattackers to find the right way to explore your deficiencies. With these kinds of tools, what is happening now is that they can find deficiencies much faster,” Matos said.
Matos said cyber threats were already a “very high risk” for banks, and the rise of models such as Mythos only elevated the problem. As a result, he said ANZ would need to invest more in its cyber defences.
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