Bank of America deploys 1,000 contractors to counter rogue AI threats

The bank’s response, dubbed "Mythos remediation," involves an intensive patching process for internal and vendor-facing codebases. These new hires now augment an existing team of 3,000 security personnel tasked with identifying weaknesses that frontier AI agents are increasingly capable of exploiting. While the bank declined to disclose precise figures for this specific security push, Moynihan noted that total spending on software remediation and anti-money-laundering compliance reached over $200 million.

This defensive posture follows a series of high-profile incidents where autonomous agents successfully breached systems at organizations ranging from Hugging Face to government infrastructure. JPMorgan Chase CEO Jamie Dimon recently echoed these concerns, warning that cybersecurity risks have surged tenfold since the emergence of models like Mythos. By prioritizing these structural fixes, Bank of America aims to neutralize vulnerabilities before they can be leveraged by the next generation of AI-driven cyberattacks.