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Sam Altman Warns That AI Is About to Cause a Massive "Fraud Crisis" in Which Anyone Can Perfectly Imitate Anyone Else
Futurism ^ | Jul 27 2025 | Victor Tangermann

Posted on 07/28/2025 5:49:30 AM PDT by Openurmind

OpenAI CEO Sam Altman is warning of an "impending fraud crisis" in which practically anybody will be able to imitate not only the voice but even the likeness of others, using the type of AI that his company is helping pioneer.

During a chat with Federal Reserve vice chair Michelle Bowman in Washington, DC, Altman argued that the banking industry must modernize to avoid having its customers fall victim to widespread fraud.

"I am very nervous about this," he told Bowman. "A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to move a lot of money or do something else. You say a challenge phrase and they just do it."

"AI has fully defeated most of the ways that people authenticate currently, other than passwords," he went on. "Right now, it’s a voice call; soon it’s going be a video or FaceTime that’s indistinguishable from reality."


TOPICS: Computers/Internet; Conspiracy
KEYWORDS: ai; michellebowman; openai; samaltman; victortangermann; youfellforbitcoin

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Altman is sharing this because he is dead set on pushing his Biometric Identification. But that doesn't make the digital cloning of persons any less of a danger. Both are a huge problem...
1 posted on 07/28/2025 5:49:30 AM PDT by Openurmind
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To: Openurmind

I’ll believe it when AI can make my ex-wife into Cheryl Tiegs.


2 posted on 07/28/2025 5:50:55 AM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Tell It Right

Frank Sinatra doing Led Zeppelin would be awesome!


3 posted on 07/28/2025 5:52:45 AM PDT by DIRTYSECRET
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To: Openurmind

Wouldn’t it be great if society went back to face-to-face business deals where actually knowing someone as a trustworthy person mattered? You could make a deal with a handshake because faceless, soulless corporations were replaced by small local institutions that cared about both employees and customers?

But then profits would suffer and we couldn’t accumulate as much precious “stuff”.


4 posted on 07/28/2025 5:53:10 AM PDT by ClearCase_guy (The list of things I no longer care about is long. And it's getting longer.)
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To: Openurmind

Staybm away from questionable websites to reduce your exposure.


5 posted on 07/28/2025 5:53:57 AM PDT by Jonty30 (My mom is half French. Her mother and father are French, but she lost her legs in a car accident.)
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To: Openurmind; piytar; Mr. K; usconservative

Solution: Blockchain verification of identity?


6 posted on 07/28/2025 5:54:25 AM PDT by Lazamataz (I'm so on fire that I feel the need to stop, drop, and roll!)
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To: Openurmind

We heard it from Bill Gates: Our cattle tattoos are coming right up!


7 posted on 07/28/2025 5:54:32 AM PDT by 9YearLurker
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To: Openurmind

Yes. Get ready for your bank accounts and broker accounts emptied out. But AI can never change my flat tire on road trip.


8 posted on 07/28/2025 5:56:00 AM PDT by Bobbyvotes (TERM LIMITS is the ONLY WAY to get rid of corrupt cas filreer politicians. )
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To: Jonty30

“Stay away from questionable websites to reduce your exposure.”

Yes, all it will take is one current picture...


9 posted on 07/28/2025 5:56:26 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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To: Jonty30
Staybm away from questionable websites to reduce your exposure.

Reduce, but not eliminate. This speaks to the ability to go to a legit website and impersonate another by voiceprint (for example).

It would mean that biometric authentication would be a thing of the past, and that you would need 2-factor auth everywhere, at a minimum.

10 posted on 07/28/2025 5:57:19 AM PDT by Lazamataz (I'm so on fire that I feel the need to stop, drop, and roll!)
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To: All

The internet is going to be full of even more garbage than usual


11 posted on 07/28/2025 5:58:18 AM PDT by escapefromboston (Peace, commerce and honest friendship with all nations, entangling alliances with none.)
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To: ClearCase_guy

“But then profits would suffer and we couldn’t accumulate as much precious “stuff”.”

You sound like me about the senseless impractical materialism. And lifestyle, got to have more to go blow at the Indian Casinos.


12 posted on 07/28/2025 5:59:59 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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To: Openurmind
Throughout time, skepticism of "the powers that be" has always been warranted. Generations of snake oil salesmen have gone by, and always some people are taken in by the next crop.

Skepticism in all things.

Trust but verify, as it was advised.

13 posted on 07/28/2025 6:01:40 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: DIRTYSECRET

Looking forward to the next Beatles album, Marlon Brando movie and Tolstoy book.


14 posted on 07/28/2025 6:01:59 AM PDT by Jolla
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To: Lazamataz

I would think it should be possible for recording devices such as cameras and phones to encode digital signatures, with said signature tracked to the buyer’s device. With subsequent copies, another would be added by the device, much like a blockchain.

It’s got its limits, but it would help.


15 posted on 07/28/2025 6:02:54 AM PDT by Carry_Okie (The tree of liberty needs a rope.)
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To: Openurmind

OpenAI gives me FTX 2.0 vibes, just sayin.


16 posted on 07/28/2025 6:05:55 AM PDT by SecondAmendment (The history of the present Federal Government is a history of repeated injuries and usurpations .)
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To: Lazamataz

Easthinki g that fami,it’s should get together some keywords to ask whenever someone in the family needs help or advice or whatever- or phrases, or nonsense answers to questions like “OK, if you are my son, who is your favorite rock star” answer “my pet camel is” just something to help identify - if imposter doesn’t know the answer, hang up.


17 posted on 07/28/2025 6:06:12 AM PDT by Bob434 (Time flies like an arrow, fruit flies like a banana)
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To: Lazamataz

Do you think the authenticator app is better than 2 factor? I am being told so.


18 posted on 07/28/2025 6:06:28 AM PDT by goodnesswins (Democracy to Demo rats is stealing other peoples money for their use, no matter how idiotic)
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To: Openurmind

“Vibe Coders” will be the death of us.


19 posted on 07/28/2025 6:07:54 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Openurmind

Chase Bank asked me last week if I wanted to use voice identification. I said no thanks


20 posted on 07/28/2025 6:09:01 AM PDT by mjp (pro-freedom & pro-wealth $)
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