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20h ago

Sam Altman Warns AI Voice and Video Cloning Threatens Bank Security

Regulators have begun partnering with AI firms on new authentication standards to counter rising fraud from cloned voices and videos.

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Sam Altman, chief executive officer of OpenAI Inc., speaks during the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference in Washington, DC, US, on Tuesday, July 22, 2025.
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Overview

  • OpenAI CEO Sam Altman declared at a Federal Reserve event that AI-generated voice clones can fully defeat bank voiceprint authentication and warned of a looming global fraud crisis.
  • Altman cautioned that AI-driven video deepfakes will soon make impersonations indistinguishable from reality and further undermine security protocols.
  • Federal Reserve vice chair Michelle Bowman has signaled willingness to collaborate with AI developers on more robust verification standards.
  • A Starling Bank survey found that 28% of UK consumers believe they were targeted by AI voice-cloning scams in the past year, illustrating surging fraud exposure.
  • Banks and fintechs are piloting AI-detection systems and exploring embedded provenance markers to verify the authenticity of voice and video calls.