Coinbase prepares crypto infrastructure for quantum computing

Coinbase has outlined a long-term strategy to prepare both its own infrastructure and the wider cryptocurrency ecosystem for the eventual arrival of fault-tolerant quantum computing, warning that preparations for post-quantum cryptography should begin well before the technology becomes practical.

The company’s preparations focus on three areas. Coinbase is developing a post-quantum version of its proprietary key management system, reviewing internal systems that rely on encryption and monitoring developments across Ethereum and Base to ensure future upgrades remain compatible with emerging post-quantum cryptographic standards.

Beyond its own infrastructure, Coinbase will co-host a workshop with Stanford University in August, bringing together Bitcoin developers, cryptographers and researchers to discuss practical migration strategies. The company expects ongoing technical discussions to support collaboration on one of Bitcoin’s most significant long-term security challenges.

Coinbase has also joined the newly established Bitcoin Security Consortium as a founding member alongside major financial institutions and cryptocurrency companies. It plans to contribute engineering expertise and funding to support open-source proposals aimed at strengthening Bitcoin’s resilience against future quantum threats while encouraging industry-wide coordination on post-quantum readiness.

Why does it matter?

Although fault-tolerant quantum computers capable of breaking today’s cryptographic algorithms are not yet available, migrating large digital ecosystems to post-quantum cryptography could take many years. Early planning can reduce future operational risks and help avoid fragmented or incompatible security upgrades.

The announcement also highlights the importance of collective governance in decentralised ecosystems. Because blockchain networks depend on broad consensus among developers, operators and users, preparing for quantum computing will require coordinated standards, open-source collaboration and carefully managed transitions rather than isolated technical solutions.

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US expands Genesis Mission with $5 billion for AI research

The White House has announced more than US$5 billion in new federal commitments to expand the Genesis Mission, positioning AI as shared national infrastructure for scientific research across the US government.

Originally launched through an executive order in November 2025, the Genesis Mission has evolved from a Department of Energy initiative into a whole-of-government programme involving more than 15 federal agencies.

Participating agencies will contribute funding, research awards, scientific datasets and research infrastructure through the Department of Energy’s American Science and Security Platform, which provides shared access to data, computing resources and AI tools.

Alongside the funding announcement, the administration unveiled a series of National Science and Technology Challenges covering healthcare, energy, infrastructure, manufacturing, semiconductors, quantum technologies, biology, agriculture, space and national security.

Planned projects include AI-enabled biomedical research, digital twins for infrastructure, electricity grid optimisation, autonomous laboratories, materials science and semiconductor innovation.

The initiative also supports industrial competitiveness and national security through projects in AI-assisted microelectronics design, biological manufacturing, advanced materials, nuclear forensics, biological threat detection and the AI-supported design of conventional and nuclear weapon components.

Additional programmes will apply AI to NASA’s scientific datasets, environmental research, natural resource management and agricultural innovation.

According to the White House, the Genesis Mission is intended to establish a shared research model that enables federal agencies to collaborate on multidisciplinary scientific challenges using common AI infrastructure.

The administration said future phases will expand the initiative through partnerships with industry, philanthropic organisations and international collaborators.

Why does it matter?

The Genesis Mission reflects a growing shift in AI policy from supporting individual research projects to building shared national research infrastructure. By combining computing resources, scientific datasets and coordinated federal investment, the programme aims to make AI a foundational capability across multiple scientific disciplines.

Its breadth, spanning healthcare, energy, infrastructure, manufacturing, space and national security, also illustrates how AI is becoming a strategic asset for scientific competitiveness. Similar approaches are increasingly emerging in other major economies, where AI infrastructure is viewed as essential to long-term research capacity and economic resilience.

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Spain strengthens digital sovereignty with a secure chip design hub in Murcia

Spain is strengthening its digital sovereignty strategy through the new investments in cyber-secure semiconductor design and trusted data infrastructure, with construction of Quantix’s secure chip design centre in Murcia set to begin this autumn.

Backed by a €19.6 million investment from the Spanish Society for Technological Transformation (SETT), the facility will strengthen Spain’s capabilities in secure chip design, cybersecurity and post-quantum cryptography while supporting both national and European digital sovereignty.

The Quantix centre is expected to create more than 450 highly skilled jobs and will design, validate and commercialise secure microcontrollers and semiconductor components for sectors including automotive, critical infrastructure and the Internet of Things.

It will also incorporate chip encapsulation and testing capabilities, helping reduce dependence on external suppliers and strengthening Europe’s semiconductor value chain.

During his visit to Murcia, Spain’s Minister for Digital Transformation, Óscar López Agueda, also highlighted the NEREIDAS project, a government-funded initiative developing a secure marine data-sharing ecosystem for the Mar Menor.

Supported by €1.04 million through Spain’s Sectoral Data Spaces Programme, the platform combines oceanographic, environmental, meteorological and satellite data to support applications including a digital twin of the Mar Menor and real-time environmental monitoring.

The platform currently includes 84 active datasets shared by 74 organisations, with around 90 more seeking to join. The government described NEREIDAS as one of Spain’s leading sectoral data spaces and part of a broader €400 million national strategy to accelerate the data economy across strategic sectors using EU recovery funding.

Why does it matter?

The announcements illustrate how digital sovereignty is increasingly being built through both physical and data infrastructure. Alongside investment in semiconductor manufacturing and secure chip design, governments are developing trusted data ecosystems that support AI, cybersecurity and digital public services.

Spain’s approach reflects a wider European strategy of strengthening domestic technological capabilities while reducing dependence on external suppliers in critical digital technologies. By combining semiconductor investment with sectoral data spaces, the country is reinforcing the foundations needed for secure, data-driven innovation across strategic sectors.

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UN Global Mechanism on ICT security identifies ransomware and AI among key global cyber threats

The UN’s new permanent mechanism on international cybersecurity shifted from organisational discussions to substantive exchanges on the evolving cyber threat landscape, with member states identifying ransomware, attacks on critical infrastructure, and the malicious use of AI among the most pressing challenges requiring international cooperation.

Meeting during the first substantive plenary session of the Global Mechanism on Developments in the Field of ICTs in the Context of International Security, delegates also continued discussions on the organisation of the mechanism’s Dedicated Thematic Groups (DTGs), which are expected to play a central role in translating years of normative work into practical cooperation.

While delegations expressed different views on some procedural aspects of the DTGs, there was broad agreement that the groups should focus on practical, action-oriented work and avoid duplicating discussions already taking place during the annual plenary sessions.

Dedicated Thematic Groups take shape

Several delegations described the DTGs as one of the Global Mechanism’s most important innovations, providing an opportunity for more detailed discussions than are possible during formal plenary meetings.

Brazil, Argentina, Chile, Kiribati and New Zealand encouraged the groups to concentrate on a limited number of priority topics capable of producing practical recommendations. Germany similarly proposed focusing on thematically coherent issues, including ransomware and the protection of critical infrastructure, while ensuring that discussions ultimately feed back into the plenary through concrete recommendations.

A recurring message throughout the discussion was that the mechanism should now move from establishing common principles towards supporting their implementation. Several delegations cautioned that attempting to address too many issues simultaneously could reduce the effectiveness of the DTGs, advocating a focused approach instead during their first biennium.

Delegations also highlighted the importance of maintaining predictable working methods, ensuring meaningful participation by all regions, and enabling smaller countries to contribute effectively throughout the process.

Broad support for stakeholder expertise

Another recurring theme was the value of involving technical expertise in DTG work.

Countries from different regions highlighted the contributions that academia, the private sector, civil society, and technical organisations can make to understanding rapidly evolving cyber threats and supporting the implementation of agreed commitments.

Oman stressed that governments alone cannot access all relevant technical knowledge, while Argentina called for transparent and predictable arrangements for stakeholder participation. France argued that cybersecurity requires cooperation across different communities, describing cyber diplomacy as a ‘team sport’. The African Group likewise recognised that expertise from non-state actors complements the intergovernmental character of the mechanism.

Many delegations also underlined that meaningful stakeholder engagement would be particularly valuable during the more interactive discussions planned within the thematic groups.

Ransomware and critical infrastructure emerge as shared priorities

As discussions moved to the evolving cyber threat landscape, a strong degree of convergence emerged across regions.

Ransomware was consistently identified as one of the most significant threats facing governments, businesses, and societies. Delegations pointed to attacks affecting healthcare, public administration, financial services, energy systems, telecommunications, and other essential services.

Several countries drew on national experience to illustrate the impact of such incidents. Costa Rica referred to the disruption caused by major ransomware attacks in 2022, while Ireland highlighted the effects of the 2021 cyberattack on its health service. Singapore noted that nearly 8,000 ransomware incidents were publicly reported worldwide during 2025, underlining the increasingly transnational nature of the threat.

The protection of critical infrastructure also emerged as a common concern. Delegations discussed the resilience of healthcare systems, government services, energy networks, transport infrastructure, telecommunications, and undersea cables, with several suggesting these issues should become early priorities for the DTGs.

AI reshapes the cyber threat landscape

The malicious use of AI featured prominently throughout the session, with delegations from all regions describing its growing impact on cybersecurity.

Countries warned that AI is accelerating the speed and sophistication of cyber operations while lowering barriers to entry for malicious actors. Among the concerns raised were AI-enabled phishing campaigns, automated vulnerability discovery, deepfakes, synthetic media, disinformation, and attacks targeting AI systems themselves.

Several delegations also pointed to emerging challenges, including quantum computing, post-quantum cryptography, commercial spyware, and increasingly sophisticated cybercrime ecosystems. While views differed on whether these developments require new international norms, there was broad recognition that the mechanism should continue examining their implications within its existing mandate.

Capacity building remains central for developing countries

Capacity building remained a cross-cutting priority throughout the session, particularly for developing countries and small island developing states.

The African Group called for practical implementation of existing capacity-building initiatives, including the ICT security cooperation portal, fellowship programmes, and the global network of national points of contact. Other delegations highlighted regional initiatives aimed to strengthening resilience, improving cyber hygiene, and supporting national institutions.

Small island developing states added an important practical perspective to the discussion. Vanuatu described how cyber resilience has become closely linked to disaster preparedness, while Nauru observed that countries connecting to the internet today immediately face the full spectrum of contemporary cyber threats rather than encountering them gradually over time.

The session concluded with the Chair confirming that consultations on the DTGs would continue ahead of their first meetings in December. While some organisational questions remain under discussion, the exchanges demonstrated growing convergence on the substantive issues likely to shape the mechanism’s future work, particularly ransomware, critical infrastructure protection, AI-enabled threats, and strengthening cyber capacity across all regions.

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UN Global Mechanism on cybersecurity begins work with focus on participation and consensus

The United Nations’ new permanent mechanism on international cybersecurity has begun its substantive work, opening a new phase of multilateral discussions on responsible state behaviour in cyberspace.

The first substantive session of the Global Mechanism on Developments in the Field of ICTs in the Context of International Security opened on 20 July at UN Headquarters in New York under the chairmanship of Ambassador Egriselda López of El Salvador. The meeting marked the first time member states had convened within a standing UN framework dedicated to ICT security and responsible state behaviour.

The mechanism succeeds years of negotiations under the Open-Ended Working Group and is intended to provide a permanent, single-track forum for discussions across five established pillars, such as existing and potential ICT threats, rules and norms of state behaviour, the application of international law, confidence-building measures, and capacity development.

In a pre-recorded statement, UN Under-Secretary-General and High Representative for Disarmament Affairs Izumi Nakamitsu described the mechanism as holding ‘tremendous promise’. She highlighted its permanent and consensually agreed character and called for stakeholder engagement to take place in a systematic, sustained, and substantive manner.

A permanent forum takes shape

Opening the session, López described the meeting as a historic moment that would help shape not only the first two-year cycle of the mechanism but also the UN’s wider approach to ICT security in the years ahead.

She acknowledged that the forum was beginning its work amid a complex international environment marked by attacks against critical infrastructure, disruptions to digital supply chains, the use of ICTs in conflicts, and the growing interaction between cybersecurity and emerging technologies such as AI.

The Chair also emphasised that agreement would require sustained diplomatic effort.

‘Consensus is not automatic,’ López told delegations, arguing that it must be built through commitment, flexibility, and political will.

She noted that multilateral processes are often advanced through ‘small steps, difficult compromises, and the willingness to keep talking even when there are differences’.

The session achieved an early procedural milestone with the adoption, by consensus, of the provisional agendas for the 2026 and 2027 plenary sessions. The mechanism also noted its provisional programme of work, creating a framework for the substantive discussions scheduled for the week.

The mechanism tests its approach to stakeholder participation

A substantial part of the opening discussion focused on how non-governmental stakeholders should participate in the mechanism.

Under the agreed accreditation procedure, applications are accepted unless a member state submits a written objection. The Chair reported that she had held consultations with states that raised objections, although the positions of the concerned governments remained unchanged.

Several delegations expressed concern that a large proportion of stakeholder applicants had not received accreditation. They argued that technical experts, civil society organisations, industry representatives, and academic institutions can provide knowledge that supports informed negotiations and practical implementation.

The issue was particularly important for smaller and developing states, some of which said they rely heavily on external partners because they have limited domestic technical and diplomatic capacity.

Kiribati emphasised that technical partners and regional organisations had contributed to its national cybersecurity posture and helped shift international discussions from problem identification to solution delivery. It called for greater transparency around objections, arguing that explanations could help states understand and potentially address the concerns raised.

‘Transparency here costs the objecting state little; silence costs the rest of us a great deal,’ the delegation said.

Other delegations placed greater emphasis on ensuring that participating organisations meet the agreed standards of objectivity and impartiality. They maintained that the non-objection procedure was negotiated by consensus and that states retained the right to raise concerns about individual applicants.

The discussion, therefore, reflected a broader institutional question of how the mechanism can preserve state oversight while gaining access to the technical expertise needed for meaningful cybersecurity cooperation.

Participation rules remain important for thematic work

Delegations also considered how stakeholder participation should function in the Dedicated Thematic Groups scheduled to meet from 7 to 11 December.

The mechanism will operate two such groups. One will address general substantive issues, while the other will focus on capacity development. Their purpose is to enable more detailed and interactive discussions that build on the work of the annual plenary.

Some delegations argued that, because the thematic groups are informal, they should be able to include a wide range of experts and stakeholders without requiring the same accreditation process used for formal plenary sessions.

Others maintained that the agreed participation modalities for the mechanism should apply consistently across all its formats. From this perspective, applying different rules to the thematic groups could weaken their intergovernmental character or create uncertainty over the status of their outcomes.

The debate highlighted the need for predictable working methods before the December meetings. Clear guidance on participation, expert briefings, meeting formats, and reporting procedures will be particularly important for delegations with limited resources.

Procedural questions shape preparations for thematic discussions

The Chair also announced the appointment of four co-facilitators for the thematic groups, selected from Australia, Egypt, Malaysia, and the Netherlands.

López said the appointments reflected geographic and gender balance and that the co-facilitators would serve in their personal capacities under the principles of neutrality, impartiality, and inclusion.

Many delegations welcomed the appointments as a practical step towards ensuring that preparations for the December meetings could move forward. They viewed the selection of facilitators as consistent with practices used in other UN processes.

Other delegations preferred the appointments to be formally agreed upon by consensus among all member states. They argued that the mechanism’s state-led character requires collective agreement on both procedural and substantive decisions.

The exchange demonstrated that the meaning of consensus will remain an important issue as the new forum develops its institutional practices. The challenge will be to preserve the confidence of all states while allowing the mechanism to carry out the organisational work needed to function effectively.

From general debate to practical cooperation

Beyond the procedural questions, delegations began outlining how the thematic groups could contribute to the mechanism’s wider objectives.

Several countries supported focused, scenario-based discussions addressing concrete challenges such as ransomware, attacks against critical infrastructure, AI security, operational technology, quantum readiness, and post-quantum cryptography.

Others emphasised that the groups should maintain a balanced approach across all five pillars of the framework and avoid prioritising specific topics without the agreement of member states.

Capacity development emerged as a particularly important theme. Developing and smaller states highlighted the role of partnerships with governments, international organisations, industry, academia, and civil society in strengthening national cyber resilience.

Questions of accessibility were also raised. Colombia and Mexico called for simultaneous interpretation to support participation by experts from different linguistic communities, while Mauritius stressed the need for clear rules, timelines, and coordination between the two thematic groups.

These proposals suggest that the success of the mechanism will depend not only on reaching agreements at the diplomatic level but also on translating them into practical cooperation that responds to national needs.

Building consensus in a permanent mechanism

The opening plenary showed that establishing a permanent international forum involves more than adopting a mandate. Member states must also develop shared expectations about participation, decision-making, working methods, and the relationship between formal negotiations and technical expertise.

Despite differing interpretations of some procedures, delegations broadly reaffirmed their support for the Global Mechanism and its objective of strengthening international cooperation on ICT security.

The consensus adoption of the agenda provided a foundation for the substantive work ahead. The Chair also pledged to continue consultations with states and maintain sustained dialogue with stakeholders.

The mechanism’s first session, therefore, represents both an institutional achievement and an early test of multilateral cooperation. Its ability to deliver practical results will depend on whether member states can balance inclusivity, state leadership, procedural predictability, and the consensus principle on which the forum was founded.

As the mechanism moves towards its first Dedicated Thematic Group meetings in December, the immediate priority will be to turn its permanent mandate into working arrangements capable of supporting trust, resilience, and responsible state behaviour in cyberspace.

Track all key moments from the First substantive session of the UN Global Mechanism on cybersecurity on our dedicated page.

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EPO highlights Europe’s growing quantum innovation ecosystem

The European Patent Office (EPO) highlighted Europe’s growing quantum and AI innovation ecosystem during Servus Scale Up 2026 in Munich, pointing to rapid growth in quantum patenting and new initiatives to help startups commercialise deep-tech innovation.

The event brought together around 200 French and Bavarian startups, investors, researchers, technology transfer experts and policymakers to strengthen cross-border cooperation and support deep-tech entrepreneurship in strategically important technologies.

EPO Vice President Christoph Ernst said quantum patenting in Europe has increased fivefold over the past decade. According to recent EPO findings, annual growth has averaged around 20%, significantly outpacing overall patent growth.

Europe’s share of international patent families in quantum technologies also increased from 19% to 25%, reinforcing the continent’s position in one of the world’s fastest-growing technology fields.

The EPO also showcased initiatives designed to support innovators and investors. Its Deep Tech Finder now includes nearly 150 European quantum startups.

Other initiatives, including the EPO Observatory on Patents and Technology, the joint OECD study on quantum technologies, the Quantum Technology Platform and the recently launched EPO Data Desk, provide patent intelligence, market insights and analytical tools to help identify emerging opportunities and support investment decisions.

The EPO noted that although Europe has a strong research and innovation base in quantum technologies, access to funding remains more limited than in the United States. By combining patent data with market intelligence, the Office aims to help startups scale, attract investment and strengthen Europe’s long-term competitiveness in quantum technologies and AI.

Why does it matter?

Quantum technologies are expected to play an increasingly important role in fields ranging from cybersecurity and communications to healthcare and advanced computing. Strong patent activity suggests Europe remains competitive in research, but commercial success will also depend on access to investment and the ability to scale innovative companies.

By combining patent intelligence with tools for investors and startups, the EPO is seeking to strengthen Europe’s deep-tech ecosystem and improve the commercialisation of emerging technologies. This reflects a broader European effort to translate scientific leadership into long-term industrial competitiveness.

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AI for Good Global Summit 2026 concludes with a focus on implementation

The AI for Good Global Summit concluded after four days of discussions highlighting the practical deployment of AI across healthcare, agriculture, mobility, education, creative industries and public policy.

The programme also explored the technologies and infrastructure supporting AI deployment, including quantum technologies, robotics, international standards and digital infrastructure.

The closing programme featured the Robotics for Good Youth Challenge Grand Finale 2026, an ITU-led UN robotics competition for young people aged 10 to 18. Teams from more than 50 countries competed over four days to develop robotic solutions addressing this year’s theme of food security.

Venezuela won both competition categories, with participants using open-source software and hardware to design, build and programme robots focused on food security.

The final day also featured discussions on AI governance, standards and inclusion. A morning panel examined the underrepresentation of women in AI development and decision-making, bringing together representatives from standards bodies, industry, civil society, telecommunications and ITU networks.

Speakers argued that gender equity should be treated as a core element of AI standardisation rather than a secondary consideration, linking women’s leadership to education, research, technical standards and institutional decision-making.

Youth engagement remained another key theme. In the Youth Zone, participants took part in an AI safety challenge in which they role-played as developers designing safeguards for new AI applications, exploring security principles, ethical risks and responsible AI governance.

The AI for Good Global Summit also explored longer-term questions about AI, culture and education. Futurist Ray Kurzweil discussed the future trajectory of AI, while Arizona State University President Michael Crow and musician will.i.am, ITU Goodwill Ambassador for the AI Skills Coalition, examined AI’s growing role in education and future workforce skills.

The Centre Stage programme concluded with a presentation by Galaxy Corporation CEO Yong-ho Choi on the convergence of AI, robotics and entertainment, including a performance featuring both humans and robots.

The 2026 AI for Good Global Summit concluded with a clear message that the future of AI depends not only on technological progress but also on standards, skills, inclusion and international cooperation to support responsible deployment.

Why does it matter?

The 2026 AI for Good Global Summit reflected a broader shift in AI governance from discussing high-level principles to addressing implementation. Across healthcare, education, robotics, standards and digital infrastructure, the focus was increasingly on how AI can be deployed responsibly in practice rather than whether it should be adopted.

The summit also highlighted the growing importance of international standards, youth engagement and inclusive participation in shaping AI’s future. By bringing together governments, industry, researchers and civil society, the event reinforced the view that responsible AI will depend as much on cooperation and capacity-building as on technological innovation.

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Quantum computing advances fusion energy research

Scientists from Oak Ridge National Laboratory, the Cleveland Clinic, and IBM have achieved a first-of-its-kind quantum computing milestone by using quantum-centric computing to calculate the molecular behaviour of a material linked to future fusion energy production.

The team combined quantum processors with classical supercomputers to study how FLiBe, a molten salt considered a promising material for fusion reactors, interacts with tritium at the atomic level. The work could help address one of fusion energy’s biggest challenges: producing and extracting enough tritium to support commercial-scale fusion power.

The research also demonstrates how quantum computing, AI, and high-performance computing can complement one another to solve scientific problems beyond the reach of conventional computing alone. Researchers now aim to scale the approach, improve its efficiency and support the design of advanced materials for future fusion systems.

The breakthrough forms part of the US Department of Energy’s Genesis Mission, which seeks to combine emerging computing technologies with scientific research infrastructure to accelerate discoveries in areas such as clean energy.

Why does it matter?

Fusion energy has long been viewed as a potential source of abundant, low-carbon power, but challenges such as reliable tritium production remain major obstacles to commercial deployment. Advances in modelling materials like FLiBe could help overcome one of the key technical barriers to practical fusion reactors.

The research also highlights the growing role of hybrid computing, combining quantum computing, AI and high-performance computing, in accelerating scientific discovery. As quantum hardware matures, this approach could shorten development cycles for advanced materials, energy technologies and other complex scientific applications.

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China calls for greater self-reliance in science and technology

Chinese President Xi Jinping has called for faster progress towards high-level scientific and technological self-reliance, arguing that innovation should become the primary driver of China’s modernisation.

Speaking at the national science and technology conference in Beijing, Xi described the 2026–2030 period as critical to achieving China’s goal of becoming a global science and technology leader by 2035.

Xi highlighted China’s recent advances in AI, quantum technology, advanced manufacturing, robotics, pharmaceuticals and space exploration. At the same time, he acknowledged persistent challenges, including gaps in original innovation, inefficient research investment and shortages of high-quality scientific talent.

He called for stronger coordination of national research priorities, greater support for technology transfer, improved intellectual property protection and a financial system better aligned with scientific and technological innovation.

Xi also emphasised the importance of frontier technologies, calling for greater investment in AI, quantum technologies, life sciences, integrated circuits, and strategic areas including deep-sea, deep-space and deep-earth exploration.

He argued that scientific research should become more application-oriented while industry should play a greater role in scientific discovery, strengthening links between research institutions and commercial innovation.

Alongside investment, Xi stressed that technological development must remain secure, ethical and people-centred. He called for stronger governance of AI and other emerging technologies, clearer ethical standards, improved security risk monitoring and greater support for young scientific talent.

China also honoured 258 scientific projects and researchers during the conference, underscoring the country’s continued emphasis on innovation as a strategic national priority.

Why does it matter?

The speech reinforces China’s long term strategy of reducing dependence on foreign technologies while accelerating domestic innovation in critical fields such as AI, semiconductors and quantum computing. It also illustrates how Beijing increasingly views scientific leadership as a foundation of economic competitiveness, national security and geopolitical influence.

By linking research policy, industrial development and AI governance, China is pursuing a coordinated model in which technological innovation is treated as a strategic state priority. That approach is likely to shape global competition in emerging technologies as countries race to build sovereign capabilities in frontier sectors.

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ECB urges banks to prepare for AI cyber threats

The European Central Bank has called on major euro area banks to prepare action plans to address AI-enabled cybersecurity threats.

In a letter to bank CEOs, ECB Banking Supervision said emerging AI models can identify software vulnerabilities and generate functioning exploits at unprecedented speed.

The ECB warned that AI is compressing the time between vulnerability discovery and exploitation, with potentially serious implications for the confidentiality, integrity and resilience of banks’ ICT systems.

The central bank said the change is a long-term shift in the threat landscape, not a temporary risk linked to a single tool.

Banks have been asked to submit action plans to their Joint Supervisory Teams by 31 October 2026.

The plans should set out concrete measures, resources, roles, responsibilities and implementation timelines for strengthening cyber resilience.

Short-term priorities include faster vulnerability and patch management, stronger monitoring and detection, AI-enabled defensive capabilities and updated third-party risk management.

The ECB also called for structural measures such as defence-in-depth, improved cyber hygiene, infrastructure modernisation, crisis management, recovery arrangements and information-sharing.

The letter follows a European Systemic Risk Board warning about systemic cyber risks posed by frontier AI models.

ECB Banking Supervision also said it will address cybersecurity risks linked to quantum computing in a separate letter.

Why does it matter?

The ECB letter turns AI-enabled cyber risk into a concrete supervisory issue for major euro area banks. If AI accelerates vulnerability discovery and exploit generation, banks will face shorter windows for patching, detection and response. The focus on third-party providers and supply chains is also important because financial institutions depend heavily on external ICT services. The ECB’s approach links AI cyber threats with DORA-style operational resilience, showing that advanced AI is now part of mainstream financial supervision.

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