Federal Reserve Board Gov. Michelle Bowman described cybersecurity as a major concern for banks, highlighting its role in defending against attacks involving artificial intelligence, fraud and other vulnerabilities.
She urged law enforcement and government agencies to coordinate their response.
Bowman said the goal was to close routes used for fraud.
On April 27, 2026, Bowman discussed the possibility that artificial intelligence could reveal software flaws to people defending systems as well as attackers.
