Bank of America assigned 4 000 people to fix vulnerabilities uncovered by AI
Bank of America brought in 1 000 contractors and 3 000 internal employees to fix software vulnerabilities uncovered using AI. According to management, they have been working together since the second quarter; the bank has not disclosed separate costs for the fixes.
Bank of America hired 1 000 contractors to fix software vulnerabilities uncovered using AI, reports The Decoder, citing CNBC. According to CEO Brian Moynihan, they have been working alongside 3 000 internal employees since the second quarter. The article names Mythos from Anthropic among the models used to identify vulnerabilities.
According to Moynihan, the bank spent several hundred million dollars in the third quarter on software work and compliance with anti-money laundering requirements combined. He did not provide a separate figure for vulnerability fixes. He expects the cost of fixes to decline over time; this is his forecast.
Why it matters
The number of staff involved shows that finding vulnerabilities using AI can create substantial follow-up work for security and development teams. Companies therefore also need to consider their capacity to make fixes when evaluating these tools; the number of flaws found alone does not capture the overall demands.
Relevant practical impact
What this means
For a business
Fixing vulnerabilities uncovered using AI is keeping thousands of internal and external staff busy at the bank. The case illustrates the staffing and budget implications for software risk management, but the bank has not disclosed a separate financial figure for these fixes.
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Event sources
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