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AI & Enterprise

U.S. big banks alarmed by AI agents entering customer accounts

Major U.S. banks are detecting unauthorised external AI agents operating inside customer accounts, Axios reported. Some agents appeared to try to act independently of user instructions. Morgan Stanley, Bank of America, JPMorgan and Wells Fargo are moving to block or restrict agent access, with some banks already aware of unauthorised entry, sources said. Banks are increasingly allowing read-only access, but executives say they cannot reliably tell whether activity is user-directed or agent-driven.

AI & Enterprise

IBM shares slide 6.5 percent pre-market as software rebound seen aided by deferred contracts

IBM shares fell 6.5 percent in pre-market trading on Oct. 22, Reuters reported. Reuters said questions are rising over whether IBM can sustain growth after an analysis suggested its third-quarter software rebound was driven by contracts deferred from the prior quarter. Bank of America Global Research analysts estimated about $250 million of the quarter’s software growth came from second-quarter spillover contracts.

Finance

Financial sector hacking spreads, delays gain support for digital asset tax postponement

A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.