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gary marcus · October 22, 2026

US banks hit by AI agents, regulatory focus urged

us banks are being attacked by ai agents, alarming executives and highlighting the need for regulatory focus beyond frontier models.

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us banks are facing attacks from ai agents, causing alarm among executives who are struggling to keep up with the rapid pace of ai developments. this is part of a larger trend of cyberattacks facilitated by ai, including incidents in france, japan, and latin america. experts warn that regulatory focus should not solely be on frontier models, as current models are already causing serious problems across society. the misuse of existing models poses significant risks, and ignoring these issues in favor of speculative futures could be a mistake. the situation is further complicated by the susceptibility of large language models to jailbreaking and prompt-injection attacks, and the use of generative ai to create code with potential security holes.

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