Bank of Italy Develops Cyber Vulnerability Indicator for Non-Financial Companies Using AI

The Bank of Italy has developed a cyber vulnerability indicator for non-financial companies, leveraging natural language processing (NLP) and a language model (LLM) named Phi-4. This tool converts unstructured data—such as financial statements, news, and specialized sources—into quantitative signals integrated into creditworthiness assessments. The goal is to incorporate cyber risk into financial analyses, though no implementation date or detailed technical criteria have been specified.