Tech News
LAST UPDATE: July 23, 2025
OpenAI CEO Sam Altman Warns Bankers, Regulators of Coming Fraud ‘Crisis’
At a Federal Reserve conference, Sam Altman warned of a looming fraud crisis if banks continue relying on outdated authentication methods like voiceprints, as AI can now mimic voices and videos indistinguishably.
Insight
His warning underscores urgent cybersecurity challenges tied to generative AI and signals a call for industry-wide upgrades in fraud prevention technologies.