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BIS warns banks to speed up fixes as AI-driven attacks accelerate

The Bank for International Settlements says banks should build in planned downtime to deploy urgent security patches instead of relying on slower routine schedules.

Reported · Written up by our desk · Regulation

The Bank for International Settlements says banks are facing tighter timelines to address operational and security flaws as AI is speeding up the pace and effectiveness of attacks, according to Decrypt.

In guidance referenced by the outlet, the BIS argues that routine patching schedules are increasingly inadequate for urgent fixes, given how quickly incidents can escalate.

The BIS also points banks toward accepting planned downtime as part of the remediation process, so critical updates can be applied promptly when vulnerabilities are found.

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