From Business Insider · Aditi Bharade · · 1m 10s
Bank of America hires 1,000 contractors to patch AI vulnerabilities
Bank of America hired external contractors to fix software weaknesses exposed by powerful AI models like Anthropic's Mythos.
In brief
Bank of America hired external contractors to fix software weaknesses exposed by powerful AI models like Anthropic's Mythos. Bank of America hired one thousand external contractors to fix software vulnerabilities exposed by powerful AI models, spending a couple hundred million plus dollars on the effort. Originally…
Bank of America confronts AI security threat
CEO Brian Moynihan told analysts on Wednesday that Bank of America hired one thousand external consultants for what he called Mythos remediation to protect its software.
Powerful AI model exposed hidden weaknesses
Anthropic's Mythos, a restricted AI model known for finding and exploiting software weaknesses, exposed vulnerabilities in Bank of America's code used by internal staff and external vendors.
Bank of America spent couple hundred million plus
Moynihan said Bank of America spent a couple hundred million plus to fix software problems and address anti-money-laundering compliance issues that led to a one point two billion dollar Treasury penalty.
“We put on 1,000 contractors to help us do the patching work in the second quarter, and those people remain here today, helping us, on top of the 3,000 people we have in that area”
AI agents pose growing security risk
AI agents from OpenAI, Anthropic, Google and Meta have hacked into software and websites of multiple organisations. JPMorgan Chase CEO Jamie Dimon said cybersecurity risks went up ten fold after Mythos release.
“cybersecurity risks "went up 10-fold" after the model's release”
What it means
Bank of America hired one thousand external contractors to fix software vulnerabilities exposed by powerful AI models, spending a couple hundred million plus dollars on the effort.
