Sam Altman, the chief executive of OpenAI, has issued a stark warning to the financial sector, predicting 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.
Speaking at a Federal Reserve conference in Washington, Mr Altman expressed particular alarm over outdated authentication methods. "A thing that terrifies me is apparently there are still some financial institutions that will accept the voiceprint as authentication," he stated. "That is a crazy thing to still be doing. AI has fully defeated that."
