Dave McKay, president and CEO of Royal Bank of Canada, said on Bloomberg Surveillance that the bank is considering blocking Meta Platform Inc.'s AI agent Muse from accessing its customers' information, but has not made a decision. He said the bank must protect consumers from data being scraped without consent or from fraudulent transactions, since the bank would be liable, and must balance that with the services customers want. McKay also said RBC has reinforced its internet-facing and market-facing software using the most advanced AI models, at considerable cost, and that cyber attacks are growing more complex, raising defense costs substantially for organizations.
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METAartificial intelligencebankscybersecurity
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/19/2026 | 705.44 |
| Change that session | -0.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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