Bank of America hired 1,000 contractors to patch Mythos flaws
AI-generated briefing · First published
Bank of America spent a couple hundred million plus dollars in Q3 on software fixes and AML compliance after Mythos exposed vulnerabilities.
Bank of America hired 1,000 external contractors in Q2 to patch software flaws exposed by Anthropic's Mythos, adding to its existing 3,000-person team, CEO Brian Moynihan said after the bank's third-quarter earnings. The bank spent a couple hundred million plus dollars on remediation and anti-money laundering compliance in Q3. [1] [2]
Moynihan said the spending increase is temporary and expects remediation costs to decline over time. The bank has about 130 internal AI projects expected to generate $300 million in savings this year, rising to $700 million in 2027. [1] [2]
Sources
- 美银聘请1000名承包商 修补Anthropic的Mythos暴露的软件漏洞
Sina Finance · · Full text
- Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic's Mythos
CNBC · · Full text