# Financial Regulator Warns of Impending Cyberattacks on Banks AFM identifies cyber incidents as a critical systemic risk driven by AI advancements. - **Source:** [NOS Nieuws](https://nos.nl) - **Published:** 2026-11-10 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/19129e2f-50a7-4853-aead-68466e504110 ## Rising Cyber Threat Landscape The Autoriteit Financiële Markten (AFM) has identified cyber incidents as a primary systemic risk for the financial sector. Recent global disruptions, ranging from supermarket supply chain issues to major cryptocurrency thefts, highlight the growing vulnerability of digital infrastructure. Regulators now view these attacks as inevitable events rather than mere possibilities. ## AI as a Double-Edged Sword AFM chair Laura van Geest warns that artificial intelligence is significantly empowering malicious actors. AI models allow hackers to identify and exploit security vulnerabilities with unprecedented speed and precision. While these same technologies can assist firms in detecting threats, the current pace of offensive innovation is outpacing traditional defensive measures. ## Shift to Hybrid Warfare Cyberattacks are no longer limited to simple ransomware schemes where criminals demand payments for stolen data. State actors are increasingly utilizing cyber operations as a form of hybrid warfare to destabilize critical infrastructure. This evolution changes the nature of the threat, moving from financial extortion to broader societal disruption and instability. ## Banks as Primary Targets Financial institutions are now considered prime targets due to their central role in the global economy and high levels of digitization. A successful attack on a major bank could trigger widespread public panic, preventing citizens from accessing their accounts. The systemic interconnectedness of these institutions makes them highly attractive for attackers. ## Operational Resilience Requirements The AFM emphasizes that financial institutions must prioritize robust preparation to withstand potential breaches. This includes implementing advanced detection systems and rapid response protocols to mitigate damage. The regulator is collaborating with the Ministry of Finance and other governmental bodies to establish a more resilient framework for the entire sector. ## Diversification of Risk To minimize the impact of a potential system failure, the regulator advises against relying on a single digital infrastructure. Spreading risks across multiple platforms and maintaining contingency plans is essential for both institutions and individuals. Diversification serves as a critical buffer against the total loss of access to essential financial services. ## Practical Consumer Advice In light of these systemic threats, the AFM suggests that individuals should maintain a degree of financial independence from purely digital systems. Keeping physical cash on hand and maintaining accounts at multiple banks are recommended as basic precautionary measures. These simple steps can provide vital liquidity during a major cyber outage. ## Future Regulatory Outlook The focus for regulators is shifting toward proactive monitoring and mandatory security standards for all financial entities. As cyber threats become more sophisticated, the ability to maintain operational continuity will define the stability of the financial system. Authorities are preparing for a future where digital resilience is as important as capital. ## Sources covering this story - https://nos.nl/l/2638855 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._