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DFSA warns of the rise of AI-driven cyber threats, calling for global regulatory cooperation.
According to Mars Finance, 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 ransomware and supply chain attacks being the primary threats. The report emphasizes that regulatory authorities and financial institutions need to prioritize cyber resilience and calls for global regulatory cooperation to address systemic risks.