Bank of America: 1,000 contractors repair banking software

Bank of America has 1,000 contractors fixing software flaws. What role do Mythos, pending patches, and vendor code play in this technology push?

CEO Brian Moynihan described a team of 4,000 people dedicated to fixing vulnerabilities and explained that he expects spending on repairs to be temporary. We also clarify what is known—and what is not—about Mythos, quarterly costs, and the $1.2 billion penalty related to anti-money laundering.

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🤖 AI-generated content: the script, voices, and images for this episode were produced using artificial intelligence tools.

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