Generative AI is increasingly being used by cybercriminals for sophisticated, personalized cyberattacks.

Banks are employing AI for credit checks and fraud detection, but criminals are outpacing these defenses with their own AI techniques.

To counteract these threats, banks need to adopt advanced predictive AI with machine vision capabilities.

AI has the potential to secure transactions, enhance privacy, optimize exchange rates, and tailor marketing for merchants.

Incorporating privacy technologies and blockchain can improve security and offer new financial tools for smaller businesses.

The dual use of generative AI in both cybercrime and finance necessitates urgent and strategic cybersecurity responses.