Financial firms are raising concerns about cyber and third-party risks as artificial intelligence adoption accelerates, according to a regulators' survey reported by Scottish Financial News.

The survey indicates that financial institutions are balancing the potential benefits of broader AI use against risks linked to cybersecurity and reliance on external providers. It offers a snapshot of the concerns emerging as firms introduce AI into their operations.

Risks linked to wider AI use

Cyber risk is identified as a central concern for firms adopting AI. Financial institutions manage sensitive information and depend on digital systems, making security a significant issue as AI use expands.

The survey also highlights third-party risk. Firms may rely on outside technology providers or other suppliers when deploying AI, creating additional dependencies that organisations must consider alongside their own internal controls.

The findings do not establish that AI adoption has caused a specific cyber incident or failure. Instead, they describe concerns identified through the regulators' survey.

Why the findings matter

The survey's results underline the need for financial firms to assess the wider effects of AI adoption, including the risks created by external suppliers. The concerns are relevant to firms, technology providers and regulators as AI becomes more widely used across financial services.

The report was published by Scottish Financial News on 28 October 2026. The supplied material does not identify the regulators involved, provide the survey sample or detail specific incidents, losses or regulatory measures.

Conclusion

The regulators' survey shows that financial firms view cyber and third-party risks as important challenges accompanying the accelerating adoption of AI. The available findings identify the concerns but do not provide further details about the survey methodology or any specific response.

Frequently Asked Questions

Q. What is the main finding of the survey?

Financial firms are concerned about cyber and third-party risks as AI adoption accelerates.

Q. Who conducted the survey?

The supplied report describes it as a regulators' survey but does not identify the regulators involved.

Q. What type of risks are highlighted?

The findings highlight cybersecurity risks and risks linked to reliance on third-party providers.

Q. Does the report describe a specific cyber incident?

No. The supplied material identifies concerns but does not report a specific incident, loss or failure.

Q. Why are third-party risks relevant to AI adoption?

Financial firms may depend on external providers when deploying AI, creating additional supplier-related dependencies.

Q. When was the report published?

Scottish Financial News published the report on 28 October 2026.

Q. Does the available material explain the survey methodology?

No. the survey sample or methodology is not yet available.