BIS Report Says AI Is Shrinking Banks' Window to Fix Software Flaws

A new report from the Bank for International Settlements says advanced AI is shortening the time banks have to fix software flaws before attackers exploit them. According to ChainCatcher, the report warns that periodic security reviews and scheduled patch updates are increasingly insufficient, as the window between vulnerability discovery and exploitation has narrowed from weeks to minutes. The report focuses on banks' response capabilities and argues that financial institutions must speed up software remediation and accelerate related authorization decision-making processes.