AI agents accessing bank accounts are raising concerns about software acting beyond customers’ instructions, highlighting the risks of giving automated assistants financial authority and the safeguards businesses need before trusting them with money. What Has Prompted The Concern? Some US banks have reportedly detected outside AI agents accessing customer accounts, […]
Posted in News Also tagged Account, Agents, AI, SecurityBusinesses using cloud computing, website hosting and other services charged by usage can face huge unexpected bills when someone else exploits their account or triggers costly activity, so what can they do to protect themselves? How Does An Account Become An Open Chequebook? With usage-based services, the bill depends on […]
Posted in News Also tagged Account, Cheque, Security, TechnologyBank of America hired 1,000 contractors to help repair software weaknesses uncovered by advanced AI, including Anthropic’s Mythos. The contractors joined around 3,000 existing staff in the second quarter and were still helping in October. AI can find vulnerabilities quickly, but people must still check, test and install fixes across […]
Posted in News Also tagged AI, Hires, SecurityAs the Bank of England warns that growing borrowing is increasing the financial risks surrounding AI, here we look at how the technology’s expansion is being funded, why expected returns could disappoint and what businesses should consider before becoming dependent on its providers. What Has The Bank Warned About? The […]
Posted in News Also tagged AI, Debt
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