DFSA warns of the growing threat of AI-driven cyber threats and calls for global regulatory cooperation

ChainCatcher news, according to the Financial Technology Times, the Dubai Financial Services Authority (DFSA) has released a report stating that the frequency and complexity of cyberattacks driven by artificial intelligence and automation tools are on the rise. Criminals are leveraging these tools to enhance their reconnaissance and execution capabilities, with double extortion ransomware and supply chain attacks being the main threats. The report emphasizes that regulators and financial institutions need to prioritize cyber resilience and calls for global regulatory cooperation to address systemic risks.