Discussion
Has your bank asked you to sign a new set of terms and conditions with warnings about how they may not cover losses due to the use of AI agent generated transactions on your account?
(If you signed such a document when opening your bank app or website without reading every word... this is likely why.)
Oh I agree too. My money is with them and they only spend so much of fraud refunds per year. Why should people using AI agents soak up all those funds so that if I get scammed by a skimmer or fake charge they say "no" to MY refund because they are getting so many requests from people who were reckless?
@futurebird I definitely got an email saying "dear gods don't give Claude access to your banking acct," but I don't remember if there was a ToS change snuck by me.
@futurebird So avoiding online banking all this time is finally paying off?
@futurebird Not yet, and it's a moot point anyway: there's no way I let a bloody LLM get near my wallet!
Personally I feel this is an un-discussed change that ought to result in more people pausing to think.
Imagine if banks said "do not shop online at all" back in 2002. The so called next big thing? It's just not safe enough for regular folk to use.
@futurebird Question: my transactions or theirs?
This was a long legal notice about "don't give your login to a third party app and authorize it to make purchases or transfers... we won't stop you but if you do we can promise we can help if your money is all gone"
@futurebird I hate to say it, but I think I might agree with the banks. My bank covers me for all sorts of fraud already. That fraud happens but its frequency is managable. AI fraud seems to be built into the models and since Claude has been shown to contain Trojan horse attacks as well as elevation of attacks, saying "Don't expect us to cover Claude because there might be a run on the bank" is not that alarmist.