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Cybercriminals using artificial intelligence to speed up and scale attacks faster than financial institutions can respond. [File,Standard]
Cybercriminals are using artificial intelligence (AI) to speed up and scale attacks faster than financial institutions can respond, industry leaders said in Nairobi as Africa’s banking sector weighs both opportunity and risk from the technology.
Speaking during the opening day of BFSI Week 2026 on Wednesday, speakers said banks, insurers and savings cooperatives must prioritise business value and cyber resilience as they expand AI use across operations.
The conference, held in Nairobi under the theme “Powering Africa’s Financial Transformation,” brought together more than 300 delegates from banking, SACCOs, insurance, fintech and technology firms.
