Altman Warns of AI-Powered Fraud Crisis in Banking, Urges Stronger Security Measures

OpenAI CEO Sam Altman is sounding the alarm about the increasing use of artificial intelligence in financial fraud, particularly through advanced voice cloning technologies. In a fireside chat with Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday, Altman described the threat as an “impending fraud crisis” and warned that many banks are dangerously behind the curve. He expressed disbelief that some financial institutions still rely on voiceprint technology to veri