Big banks start blocking AI agents from customer accounts
Charles Schwab and JPMorgan say they turn away unauthorised AI agents trying to log in on behalf of users.
As AI "agents" that act on a user's behalf become common, banks are drawing a line. Charles Schwab says it blocks dozens of unauthorised agent attempts to access client accounts every week, and JPMorgan has confirmed it also blocks outside agents.
Large websites are doing the same. Reports say several retailers and travel companies allow only approved agents, or none at all, citing security and fraud concerns.
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The trend matters for users in India too: experts advise never sharing banking passwords or OTPs with any app or AI assistant, and using only official bank apps for transactions.
Source: AI Weekly
