The weaknesses exploited in the $6.3 billion theft from Binance also affect traditional banks, particularly after Crédit Mutuel Arkéa lost roughly €100 million in a cyberattack. Attackers have used social engineering, malicious software, compromised suppliers and employees’ internal access. Banks remain better protected through the EU’s DORA regulation, but aging systems, long supplier chains and growing reliance on artificial intelligence expose more of their operations. They are also restricting payments by autonomous AI agents, as JPMorgan Chase did, while Santander and ING allow them within limits set by their customers.
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