Bank of America hires 1,000 contractors to patch Mythos-exposed software flaws
Bank of America hired 1,000 external contractors in the second quarter to fix software vulnerabilities exposed by advanced AI models, including Anthropic’s Mythos, which was released to select banks and firms in April. The bank’s CEO, Brian Moynihan, told CNBC the effort was part of a broader push to secure systems against AI-driven exploits, alongside 3,000 internal employees already working on…
Key points
- Bank of America hired **1,000 contractors** in Q2 to patch Mythos-exposed software flaws alongside **3,000 internal staff**
- Spending on remediation and compliance exceeded **‘a couple hundred million’** in Q3, Moynihan said
- Bank’s **130 AI projects** saved **$300M this year**, targeting **$700M in 2027**, while workforce cuts continue
The bank disclosed spending a ‘couple hundred million plus’ on remediation and anti-money laundering compliance in the third quarter. Moynihan framed the costs as temporary, noting remediation efforts would decline over time. Meanwhile, Bank of America is leveraging AI internally: it has 130 AI projects generating savings expected to rise from $300 million this year to $700 million in 2027. The bank also cut about 3,400 employees—roughly 5% of managers—in the past year, though the role of AI in those cuts remains unclear.
Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic's Mythos
CNBC Technology · 14 October 2026
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2sources- Bank of America hires 1,000 contractors to patch flaws exposed by Anthropic’s MythosPress · cryptobriefing.com ·
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