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Type
Publication
Series
BIS Bulletin 129
Date Published
20 July 2026

Key takeaways 

  • Frontier artificial intelligence (AI) models increase the speed, scale and complexity of cyber attacks, and they also strengthen cyber defence. But the costs are asymmetric and may favour attackers.
  • The medium-term impact on systemic cyber risk depends on the various actors' access to the most advanced tools, on compute power to run the tools and on economic incentives.
  • Given the pace of recent developments, swift adoption of frontier AI models to review code bases and fix vulnerabilities is essential. International coordination can support authorities in addressing these issues.

The views expressed in this publication are those of the authors and do not necessarily reflect the views of the BIS or its member central banks.