Lawyer: AI-hacked bank accounts are covered, but AI scams are on you
sebkrier · x · 2026-10-22
Pushing back on viral fears about AI emptying bank accounts, Alex H. Johnson explains the actual legal picture: unauthorized transfers are covered under the Electronic Funds Transfer Act, so users aren't liable if they notify their bank promptly. The real risk is AI-supercharged scams that trick people into authorizing fraudulent payments, where liability often falls on the victim. His takeaway: discuss these concerns specifically and practically, not with vague panic about the financial system.
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