Sam Altman says the financial industry is facing a massive “fraud crisis” as AI tricks security into impersonating people’s voices
Openai CEO Sam Altman warned The financial industry is in a “big imminent fraud crisis” because of the ability of artificial intelligence tools to impersonate human voices and move money bypassing security checks.
Altman spoke at the Federal Reserve Conference in Washington on Tuesday.
“What scares me is obviously that there are still financial institutions that accept VoicePrint as certification,” says Altman. “It’s crazy that we’re still doing. The AI has completely beaten it.”
Audio printing as identification It’s becoming more popular with clients at wealthy banks Over 10 years Previously, customers were usually asked to utter challenge phrases on their phones to access their accounts.
But now, audio clones of AI, and ultimately video clones, may impersonate people in the way Altman said they “cannot distinguish it from reality”, and may need new ways to validate.
“It could be something we can think about partnering,” said Vice-Chairperson of Supervision at Michelle Bowman, the top financial regulator at the central bank that hosted the discussion with Altman.