MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has urged financial institutions to bolster defenses against frontier artificial intelligence (AI), warning it could fuel more sophisticated cyberattacks with little human intervention.
In Memorandum No. M-2026-034, the BSP outlined measures to manage risks from frontier AI systems capable of identifying software vulnerabilities, generating exploit pathways and launching multi-stage cyberattacks.
READ: BSP sets AI governance framework for banks
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Although access remains limited, the BSP said the rapid development of these systems could enable increasingly adaptive and scalable cyberattacks targeting financial institutions, third-party service providers and critical infrastructure.FEATURED STORIES
