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Enhancing Financial Cyber Resilience In The Age Of Advanced AI

Emerging AI Technologies And Cyber Threats

According to CySEC, frontier AI models are becoming increasingly capable of identifying and exploiting software vulnerabilities, reducing the time between vulnerability discovery and potential attacks. The warning covers Cyprus Investment Firms, central securities depositories, trading venues, crypto-asset service providers, alternative investment fund managers, and UCITS management companies.

Digital Operational Resilience In Focus

Under the Digital Operational Resilience Act (DORA), regulated entities are required to maintain ICT risk management frameworks that address a changing cyber threat environment, including risks associated with emerging AI technologies. Firms were also urged to review existing controls and ensure that vulnerability management, patching procedures, and assessments of third-party ICT service providers are carried out effectively and on time.

Proactive Measures And Enhanced Monitoring

CySEC’s circular calls for stronger threat intelligence efforts and greater use of automation in security orchestration. Improved monitoring and detection systems would help institutions identify and respond to increasingly sophisticated cyberattacks more quickly. Maintaining resilient backup, restoration, and disaster recovery systems was highlighted as another priority, particularly during major cyber incidents.

Integrating AI Risks Into Governance

AI-related cyber risks should also be incorporated into ICT risk assessments, governance frameworks, and operational resilience plans, CySEC said. Such measures can help protect critical systems while supporting continuous improvements through post-incident reviews, updated threat intelligence, and testing.

Continued Oversight And Future Engagement

Looking ahead, CySEC said it will continue monitoring developments in frontier AI technologies and their implications for cybersecurity. The commission also plans to work with supervised entities to assess preparedness and ensure governance practices evolve alongside emerging risks.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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