# BoE Warns Banks Against AI Cybersecurity Risks

> Bank of England urges financial institutions to prepare for AI-driven cyber threats.
- Title: BoE Warns Banks Against AI Cybersecurity Risks · Pymnts
- Summary: Bank of England urges financial institutions to prepare for AI-driven cyber threats. The Bank of England warns banks to address AI cybersecurity risks as…
- Keywords: bank of england, ai cybersecurity, quantum computing, financial system, cyberattacks, encryption, business, finance, BoE, Warns, Banks, Against
- Source: Pymnts — https://pymnts.com/cybersecurity/2026/boe-warns-banks-against-ai-cybersecurity-risks
- Author: PYMNTS
- Published: 2026-10-15T18:58:01+00:00
- Read time: 1 min
- Topics: bank of england, ai cybersecurity, quantum computing, financial system, cyberattacks, encryption, business, finance
## BoE warns banks of ai cyber risks
Bank of England deputy governor Sarah Breeden says ai presents a systemic risk to the global financial system.

> It’s not enough now to assume that the cyber attackers won’t get through
## Quantum computing threatens encryption
Quantum computing could break cryptographic locks securing modern financial systems within years.

> The time to start thinking about migrating to quantum-resistant methods of encryption is now
## Bare metal recovery options needed
Banks must prepare bare metal systems to recover core services if primary systems are compromised.

> We need to be thinking about what are the bare metal recovery options … that we need for the core services
## AI agents bypass bank safeguards
Rogue ai agents may exploit weaknesses in banks’ systems by bypassing security measures.

> The chief concern is either hackers or hostile nations weaponizing advanced ai models to exploit weaknesses
## Key takeaway

The Bank of England warns banks to address AI cybersecurity risks as quantum computing threatens encryption.