Major US Banks Report Unauthorized AI Agent Access to Client Accounts

Charles Schwab and several major US banks, including Morgan Stanley, Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup, have reported unauthorized access to client accounts by third-party AI agents. These agents accessed accounts using user-permitted credentials or attempted to interact with call centers independently. This incident has raised serious concerns about the security of financial institutions and client data protection, prompting European regulators to consider restrictive measures to mitigate these risks.