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LAST UPDATE: July 23, 2025


OpenAI CEO Sam Altman Warns Bankers, Regulators of Coming Fraud ‘Crisis’

Barron’s (via DJ)

At a Federal Reserve conference, Sam Altman warned of a looming fraud crisis if banks continue relying on outdated authentication methods like voiceprints, as AI can now mimic voices and videos indistinguishably.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.

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