OpenAI’s Sam Altman warns of AI voice fraud crisis in banking

WASHINGTON AP OpenAI CEO Sam Altman warned the financial industry of a critical impending fraud problem because of the ability of artificial intelligence tools to impersonate a person s voice to sidestep guard checks and move money Related Articles Massachusetts revenue commish disputes insists that Boston is secretly penalizing commercial properties with tax spikes There are countless illegal marijuana farms but federal agents targeted California s biggest legal one The solar tax credit is ending what that means for homeowners UN says booming solar wind and other green capacity hits global tipping point for ever lower costs Trump s Labor Department proposes more than rule changes in a push to deregulate workplaces Altman spoke at a Federal Reserve conference Tuesday in Washington A thing that terrifies me is apparently there are still specific financial institutions that will accept the voiceprint as authentication Altman declared That is a crazy thing to still be doing AI has fully defeated that Voiceprinting as an identification for wealthy bank clients grew popular more than a decade ago with customers typically questioned to utter a challenge phrase into the phone to access their accounts But now AI voice clones and eventually video clones can impersonate people in a way that Altman noted is increasingly indistinguishable from reality and will require new methods for verification That might be something we can think about partnering on commented Fed Vice Chair for Supervision Michelle Bowman the central bank s top financial regulator who was hosting the discussion with Altman