89% of banks report rise in AI-powered attacks as cybercriminals turn to machine-speed operations
The biggest threat facing financial institutions is no longer ransomware. Nor is it phishing.
According to TrendAI’s latest Modern Bank Heists 2026 research, banks are confronting something fundamentally different: cybercriminals that are increasingly using artificial intelligence to automate, accelerate, and coordinate attacks faster than security teams can respond. Nearly 89% of financial institutions surveyed reported an increase in AI-powered attacks over the past year, signaling that AI has become a force multiplier for adversaries rather than simply another tool in their arsenal.
The findings suggest that the financial sector has entered a new phase of cyber warfare where speed—not sophistication alone—has become the defining advantage.
Attackers Are Now Fighting the Defenders
One of the report’s most striking findings is that 67% of financial organizations experienced “Counter Incident Response” attacks—campaigns designed specifically to interfere with security teams while they investigate and contain an active breach.
Instead of quietly stealing data and...
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