Cyber risk from frontier AI poses ‘most immediate concern’ to global financial system, watchdog warns
The Financial Stability Board chair has identified frontier AI as an immediate cybersecurity threat to global financial stability, warning that institutions and tech providers must prepare for severe scenarios. Bailey emphasized the need for readiness against coordinated disruptions that could simultaneously affect multiple firms or those relying on shared technology infrastructure.
Five Venezuelan nationals have pleaded guilty to attempted ATM jackpotting in Kansas, part of a broader wave of such attacks tracked by the FBI. The FBI documented over 700 jackpotting cases in 2025 alone, resulting in approximately $20 million in losses. This case highlights the organized nature of ATM cash-out attacks and the international criminal networks behind them.
The US Army has successfully deployed a high-energy laser system near the Mexico border to neutralize unmanned aerial vehicles, marking an operational use of directed-energy weapons technology. This laser-based system represents a new generation of defense capabilities designed to detect, track, and destroy aerial threats using concentrated light beams rather than traditional kinetic weapons.
Askeal is an AI-powered cybersecurity assistant that prioritizes accuracy by leveraging vetted community expertise from vendors, researchers, and practitioners rather than relying solely on generative AI models. The platform enables security professionals to conduct manual investigations with expert-backed intelligence and tools, addressing the common challenge of alert fatigue in security operations centers. The startup, which has secured $1.1 million in pre-seed funding, is launching with an international community of early testers and contributors.