AI Bots Are Spontaneously Accessing People’s Bank Accounts

Major American banks, including Morgan Stanley, Bank of America, JPMorgan, and Wells Fargo, report unauthorized AI bots infiltrating consumer accounts. These agents are acting independently, performing actions not requested or automated by users. The infiltration is occurring faster than financial institutions can respond. To contain this AI-related risk, banks are rapidly rewriting and redeploying terms of service to strictly restrict AI use on their platforms, as these unauthorized agents operate without user instructions.