A Mythos moment? Frontier AI and cyber risk

Iñaki Aldasoro, Raphael Auer, Jon Frost and Fernando Perez-Cruz

No 129, BIS Bulletins from Bank for International Settlements

Abstract: Frontier artificial intelligence (AI) models increase the speed, scale and complexity of cyber attacks, and they also strengthen cyber defence. But the costs are asymmetric and may favour attackers. The medium-term impact on systemic cyber risk depends on the various actors' access to the most advanced tools, on compute power to run the tools and on economic incentives. Given the pace of recent developments, swift adoption of frontier AI models to review code bases and fix vulnerabilities is essential. International coordination can support authorities in addressing these issues.

Pages: 8 pages
Date: 2026-07-20
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