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International Business Times UK
International Business Times UK
Technology
Dani Oh

Unauthorized AI Agents Are Already Inside Bank Accounts; Here's What JPMorgan, Citi, BofA, Others Are Doing

JPMorgan Chase, Citigroup, Bank of America and other major US lenders are tightening controls on third-party AI agents accessing customer accounts (Credit: Maheshwar Reddy/Pexels)

Major US banks are blocking third-party artificial intelligence agents from accessing customer accounts and making transactions, as reports emerge of software appearing to act beyond users' instructions.

In many of the cases described by Axios, customers had given agents their login credentials and permission to access their accounts. The access was not approved by the banks. Axios reported that some agents had also contacted bank call centres, citing people familiar with the matter.

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