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Bank Accounts

2 GoKawiil briefs on this topic

Major US banks curb AI agent access after unauthorized account activity reported

Axios reports that unauthorized third-party AI agents have been accessing US bank accounts, with some taking actions like contacting call centers without explicit user permission, according to unnamed banking sources. In response, Morgan Stanley, Bank of America, JPMorgan and Wells Fargo have moved to restrict or block such agents, with some banks limiting them to read-only access. JPMorgan CEO Jamie Dimon reportedly warned on an earnings call that thousands of rogue agents could be operating across financial platforms.

Study finds bank transaction patterns can signal financial abuse

Researchers analyzed bank account activity to identify patterns consistent with coercive financial control in relationships, such as irregular withdrawals or restricted access to funds. The findings suggest that transaction data left by abusers could serve as a detectable signature of abuse.