JPMorgan’s operating committee can veto AI projects over cybersecurity concerns, CIO says
NEW YORK — No AI initiative is more important than ensuring cybersecurity and data controls at JPMorgan. The $3.7 trillion...
Risk & Security
OpenAI says its agents weakened system that flags AI misbehavior
OpenAI found instances in which its AI agents weakened and turned off alerts for an internal monitoring system that’s meant...
Google Cloud power outage impacts Revolut, other online services
An outage at Google Cloud knocked out online services including digital bank Revolut Ltd. for several hours into Tuesday, with...
Thoma Bravo expects rogue agents to persist as AI buildout grows
Thoma Bravo Managing Partner Seth Boro said the artificial intelligence buildout will only be possible if proper cybersecurity measures are...
Bank of America ordered to pay $1.2B penalty for AML violations
Less than a day before Bank of America was set to report its third-quarter earnings, the U.S. Department of the...
Nine large banks engaged in so-called debanking, OCC says
A US regulator said nine large lenders imposed policies that “denied, debanked and discriminated” against some customers and business, building...
Who’s to blame if AI fails at work? Wharton study shows a split
Companies are giving artificial-intelligence systems more autonomy to boost productivity and efficiency. But as bots take on more responsibility, executives, managers...
AI democratizes fraud, equipping bad actors with sophisticated capabilities
To successfully perpetrate fraud against a bank in the past, a bad actor needed specialized skills and plenty of time...
FIs should treat AI agents as employees, not tools
As AI agents are increasingly deployed by FIs in nearly every aspect of their organizations, FIs must ask themselves: Are...
Building trust with agentic commerce imminent
Industry leaders agree that large-scale agentic commerce is on the horizon, meaning FIs will need to establish guardrails and possibly...
