Oh, no, better cut off browser access, allowing only mobile apps from verified devices to have access /s
The only good I can see coming of this is a Robinhood AI. steal from the rich give to the poor.
And no-one would be accountable
This is the crucial step!
US banks are trash, yes.
Their security is generally trash as well, yes (a big 5 bank let you enter case insensitive passwords for awhile).
Their technologies being used, also trash.
But I still don’t think this article is true.
I think it might be true. Not in the sense that agents are so clever that they are hacking into online banking websites but in the sense that some people are so dumb they:
- willingly give agents credentials to access their bank accounts (“it’s going to help me budget/figure out if I’m being overcharged by Netflix” or whatever else the AI-hype convinced them it’s a good idea to let an agent do for you)
- or let agents run with full access to everything on their machines, including their “my_banking_codes.txt” file with their unencrypted passwords and the email/messaging apps where they receive the 2FA message to confirm their access
That’s exactly what the full article is talking about. People need to read, man!
Another interesting tidbit: “Most banks have authorized or are moving in the direction of allowing read-only access, which should allow agents to see customer financial information without taking action.”
Imagine if AI forces more and more services to require in-person interaction to authorize transactions and things… AI brings back the bank teller! AI creates traditional jobs! That would be ironic.
The article says it’s people giving their login info to their AI agent, so nothing to do with the bank security or being hacked in that sense.
An AI would spend more in compute hacking my bank account then it would get from draining it.
My wife works fraud at the largest credit union on the planet. She knows jack about computers and AI and would be asking me about this if she had heard anything at work.
Yup, they’re panicking that we aren’t as excited about AI as they are and that we aren’t willing to use it or fund it. So they pretend to come for our checking accounts so we’ll run to them to save us from them?
After continually seeing commercials of that old lady using ChatGPT to order stuff for her, I’m not surprised by this. They’re rediculous commercials.
