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Bank of America Hired 1,000 Q2 Contractors to Patch Software Flaws Anthropic's Mythos Found

Summary

CEO Brian Moynihan told investors BofA added 1,000 Q2 contractors who still work alongside 3,000 internal staff to patch vendor and proprietary flaws Anthropic's Claude Mythos surfaced, with one scan alone flagging 23,000+ issues. Software remediation plus anti-money-laundering compliance added 'a couple hundred million plus' to Q3 costs; Moynihan projects $300M of AI savings this year climbing to $700M in 2027.

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