AI Cyber Wars: Coming Soon To A Bank Near You

The battle between cyber criminals and banks is an intensifying arms race. Cyber criminals are racing to develop new offensive weapons while the banks and insurers they are targeting are scrambling to keep pace. Financial institutions are increasingly deploying Robotic Process Automation (RPA) and other early-stage AI technologies to the front lines, identifying the behavior of trustworthy users and detecting emerging threats. However, much cutting-edge software in areas such as machine learning and AI is open-sourced, meaning that it is readily available to the wrong side. Hackers and criminals deploy advanced technology with little effort or cost involved, using advanced search functions, for example, to find and attack vulnerable machines.