AI Agents Are "Hacking Banks" — But That's Not The Real Story

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AI Agents Are "Hacking Banks" — But That's Not The Real Story

Should I get an AI agent? 😅

Posted by James Li on Thursday, October 22, 2026

This morning a major news headline warned that “rogue” AI agents were hacking into banks.

Sounds bad, so I did some digging.

It turns out, many of these AI agents were tasked to help optimize returns for consumers, which McKinsey estimated will cost banks 20% of their revenue.