[Bank for International Settlements Warns: AI Accelerates Attack Speed, Banks' Time Window to Fix Vulnerabilities Shrinks from Weeks to Minutes] According to Decrypt, a new report released by the Bank for International Settlements (BIS) reveals that advanced AI technologies have significantly reduced the time window banks have to fix software vulnerabilities before attackers exploit them. 'The most significant change brought by cutting-edge AI lies in the autonomous discovery and exploitation of vulnerabilities,' the report warns. It states that periodic security assessments and scheduled patch updates are increasingly insufficient to address these challenges, as 'the time window between the discovery of a vulnerability and its exploitation has shrunk from weeks to minutes.' The report focuses on banks' response capabilities, advocating that financial institutions must accelerate software repair processes and expedite related authorization decision-making procedures.