"Terrifying situation" in American banks. Artificial intelligence agents are crawling into clients' accounts

Major banks are facing issues with AI agents accessing customer accounts and executing unauthorized transactions. Concerns include security risks and the potential for clients to easily transfer funds to competitors. Banks like Morgan Stanley and JPMorgan are implementing restrictions on AI access to protect client assets. The challenge lies in distinguishing between human and AI actions, raising questions about liability for unauthorized transactions. Financial regulators are also responding to these risks, emphasizing the need for enhanced cybersecurity measures.