Bank of America had to bring in 1,000 contractors to patch all the bugs Mythos identified
Article excerpt
security CEO said the workers were hired in Q2 and are still helping today Bank of America recruited an additional 1,000 contractors to help patch all the vulnerabilities discovered by Anthropic’s Mythos model, the CEO said on Wednesday. Brian Moynihan, chairman and CEO at BoA, said during the company’s Q3 earnings call that it spent “a couple of hundred million plus” in remediation costs related to Mythos, and the anti-money laundering (AML) orders issued this week. These costs are expected to decline over time, though, with the contractors in place to help ease the initial burden of patching a large number of flaws, an issue that shouldn’t be so pronounced in the longer term. He went on to tell CNBC that the bank brought in outside help after concerns grew over how it would quickly tackle all the work associated with Mythos’ discoveries. The same concerns were shared globally, in part due to how Anthropic marketed Mythos as an all-powerful model that threatened the status quo of cybersecurity. While it ultimately turned out to be highly effective and capable of identifying complex vulnerabilities quicker than humans, leading to the massive influx of patches, some early adopters say it was no smarter than elite researchers. Mozilla CTO Bobby Holley said in April: "So far we've found no category or complexity of vulnerability that humans can find that this model can't,"...
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The bank has also reduced around 3,000 roles, including a 5 percent decrease in the number of managers on the payroll, although it didn't specify how much of a role AI played.
