Podcast
Oct 15, 2026 · 6 min · 8 segments
CEO Brian Moynihan says the contractors joined in the second quarter and are still working. AI can find more software flaws, but people still have to fix them. This edition covers 5 evidence-backed…
Music Bank of America added 1,000 contractors to fix floors found by AI CEO Brian Moynihan described the staffing in an October 14 CNBC interview.
He said the contractors joined in the second quarter and are still working alongside about 3,000 bank employees in that area.
Their work covers the bank's own software and code from vendors.
CNBC reports that software fixes and anti-money laundering compliance added hundreds of millions of dollars to third-quarter costs.
The staffing figures come from the CEO, not an independent audit of security gains.
Moynihan expects remediation costs to decline.
The disclosure doesn't establish an attack or breach, and it doesn't show that all 1,000 contractors work only on mythos findings.
Now the useful measures are how long verified floors stay open, whether fixes cause failures, and whether the contractor workload falls.
Music Bank of America added 1,000 contractors to fix floors found by AI CEO Brian Moynihan described the staffing in an October 14 CNBC interview.
He said the contractors joined in the second quarter and are still working alongside about 3,000 bank employees in that area.
Their work covers the bank's own software and code from vendors.
CNBC reports that software fixes and anti-money laundering compliance added hundreds of millions of dollars to third-quarter costs.
The staffing figures come from the CEO, not an independent audit of security gains.
Moynihan expects remediation costs to decline.
The disclosure doesn't establish an attack or breach, and it doesn't show that all 1,000 contractors work only on mythos findings.
Now the useful measures are how long verified floors stay open, whether fixes cause failures, and whether the contractor workload falls.
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