OpenAI CEO Sam Altman Warns About Security Threat From AI Voice Cloning To Financial Sectors: Here’s What He Said

In today’s fast-paced world, Artificial Intelligence is transforming everything, from creating Reels to writing content, to taking help in the financial sector. However, there is a darker concern for everything that emerges as a popular option and that goes with AI and its ups and downs. One of the important factors in AI that’s taking the centre stage currently is AI-powered voice fraud. In a recent Federal Reserve conference in Washington, OpenAI CEO Sam Altman mentioned a stark warning which is related to voice-based security.

Here’s what OpenAI’s CEO Sam Altman said:

During a recent Federal Reserve conference in Washington, OpenAI CEO Sam Altman delivered a stark warning related to the voice-based security. He said, “A thing that terrifies me is apparently there are still some financial institutions that will accept the voiceprint as authentication. That is a crazy thing to still be doing. AI has fully defeated that.”

He practically referred to the practice that began over a decade ago and this practice involves where banks particularly those catering to high-net worth clients were using voice clowning or voiceprints for identity verification. In this process bank clients were prompted to repeat certain words or phrases in order to gain access of their accounts.

Nevertheless, with AI voice cloning technology now anybody can generate flawless imitations and can gather any information from bank accounts. These systems are increasingly vulnerable.

Altman said, “AI has fully defeated that,” he emphasized, pointing out how machine-generated voices are becoming “indistinguishable from reality.” He noted that this isn’t just about voices and hence video cloning is also progressing fast, and both forms will require fresh, more secure verification frameworks.

The session was moderated by the Federal Reserve Vice Chair for Supervision Michelle Bowman and he also expressed his great concern and addressed the issue jointly. She said, “That might be something we can think about partnering on.”