According to PYMNTS reporting on the Office of the Comptroller of the Currency’s spring 2026 report, the OCC described artificial intelligence as both a risk and an opportunity for banks. The OCC recommended that banks mitigate AI-enabled cyber risks by implementing stronger security controls including multifactor authentication and timely patch management, by deploying AI to defend against threats, and by understanding the risks and benefits of advanced AI tools. The OCC said banks have used forms of AI for years and are now exploring generative AI and agentic AI for productivity and customer service. The OCC added that banks should maintain appropriate governance and risk management when implementing AI. PYMNTS also reports the IMF said existing cybersecurity measures must be expanded because attacks are becoming faster, automated, and more sophisticated.
