OpenAI CEO Sam Altman warns of AI being used for voice fraud in banking
Head of AI company warns of AI fraud
- Sam Altman, CEO of OpenAI, has issued a stark warning to the financial sector regarding a significant impending fraud crisis driven by artificial intelligence.
- He highlighted AI's growing capability to impersonate human voices, allowing sophisticated bypasses of security protocols to illicitly transfer funds.
- Altman expressed particular alarm over financial institutions still using voiceprints for authentication, stating that AI has 'fully defeated' this method.
- He cautioned that AI-generated voice and video clones are becoming indistinguishable from reality, necessitating entirely new verification systems.
- Michelle Bowman, the Federal Reserve's Vice Chair for Supervision, indicated a willingness to collaborate on solutions to these AI-driven security challenges.