Even if that software is there people will just find a way around it and the process they have in place for it. Also if a manager has to check these logs to see if their employees are working, I would question why he has some free time to do this and what of the other million things they could be doing.
Unless this is written into the contract the employee signed they could find themselves in tricky waters, they are transmitting data using the users own internet connection and they could be capturing sensitive data from a machine. I used to work with so many credit card details for testing, all of it was cleaned but still some details remained.
I think fear of the unknown is classified as a risk in some places, they completely changed management style and structures after I left so maybe the company changed as well.
Banks in the US are very risk aversive when it comes to new technology about 6-7 years ago I was working with a team in the US and the next project that they were doing was implementing chip and pin for a single type of card for a bank. One person was trying to move to another team to avoid it. We had chip and pin in my country for years at this stage. I used just think that they were worried about the new technology but now that I am older I think that the business wanted to implement something new without investing in existing systems. I left the company shortly afterwards so no idea what happened.
According to our sales guys who say that US banks are the worst when it comes to new technology, Australian banks are the best apparently. Apparently there were some government initiatives to force the banks to use new technology, some really leaned into it and even changed entire management layers.
Unless this is written into the contract the employee signed they could find themselves in tricky waters, they are transmitting data using the users own internet connection and they could be capturing sensitive data from a machine. I used to work with so many credit card details for testing, all of it was cleaned but still some details remained.