Wire · regulatory
Fed's Bowman Says AI Is Blessing and Threat to Bank Security
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Fusion42 · 29 September 2026 · Fusion42 review
Federal Reserve Vice Chair for Supervision Michelle Bowman highlighted both the benefits and risks artificial intelligence poses to bank security, especially increasing the complexity of cyber threats like ransomware and social engineering. She urged banks to adopt robust cyber hygiene practices and called on community banks to engage with regulators on clarifying expectations amid evolving AI-driven risks.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face rising AI-driven cyber risks that widen the attack surface for banks, so building strong security controls is no longer optional but urgent. Engage with regulators now to shape how the Fed evaluates your AI risk management and gain clarity before audits tighten.
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1 source · 29 Sep 2026
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