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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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To: goodnesswins

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

I personally don’t think so but some of my customers are requiring me to install and use their favorite app. I don’t like that but I have to in order to do business.

Call me reactionary but I believe a strong and well-guarded password is quite safe; adding 2-factor can be good too. DO NOT want biometric of any sort!!!


41 posted on 07/28/2025 6:42:54 AM PDT by Nervous Tick (Hope, as a righteous product of properly aligned Faith, IS in fact a strategy.)
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To: Openurmind

Well, I do enjoy the adults-made-into-babies AI thingies. The new one of Trump, Powell, and Tim Scott on the Fed construction site is hilarious.

Other than that, AI mostly scares me.


42 posted on 07/28/2025 6:44:53 AM PDT by MayflowerMadam (It's hard not to celebrate the fall of bad people. - Bongino)
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To: Openurmind
But if someone stole your phone...

My first thought is of a biometric refresh algorithm, such as facial recognition that required differences among successive images, thus indicating that they were taken live.

43 posted on 07/28/2025 6:48:31 AM PDT by Carry_Okie (The tree of liberty needs a rope.)
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To: Pearls Before Swine

“So, the obvious conclusion is that you can’t talk to anyone”

Or around any phones period. The mics are always on, so any phone that can hear you will be recording and collecting, and these databases connected to your device identification can be hacked...


44 posted on 07/28/2025 6:48:55 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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To: Carry_Okie

The logical cure is to outlaw AI as a huge security risk in a hundred different directions.


45 posted on 07/28/2025 6:51:31 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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To: Openurmind

Able to imitate not only the voice but even the likeness of others.

No need for AI liberlals do that all the time.

They all look and sound alike all the time.


46 posted on 07/28/2025 6:55:06 AM PDT by Vaduz
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To: KingLudd

I like The Sticky Sweethearts.


47 posted on 07/28/2025 6:57:45 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Openurmind

“Fraud crisis”? AI is the fraud.


48 posted on 07/28/2025 6:59:02 AM PDT by BlackbirdSST
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bookmark


49 posted on 07/28/2025 6:59:39 AM PDT by freds6girlies (many that are first shall be last; and the last shall be first. Mt. 19:30. R.I.P. G & J)
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To: Bruce Campbells Chin

No one should ever end up in court because of AI in the FIRST PLACE...

This whole AI concept is like throwing a bunch of lawn darts straight up in the air and claiming to have fun doing it. Except now where are you going hide when they all come back down? It’s not at all fun anymore at that point...


50 posted on 07/28/2025 7:00:45 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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To: Carry_Okie

“My first thought is of a biometric refresh algorithm.”

Which is exactly what Sam Altman is trying to sell us. The MARK...


51 posted on 07/28/2025 7:04:39 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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To: Openurmind
Even false evidence and crimes could be created against you... “Security Cameras recorded the crime and identified the suspect as it happened”. They could create all kinds of serious fake crimes and evidence with your face on it.

This is why, in the film "Fahrenheit 451," the Captain tells Montag he needs photographs with additional angles of his face. So that when they fake Montag's capture and death on TV it would look more accurate.


52 posted on 07/28/2025 7:05:48 AM PDT by montag813
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To: montag813

“This is why, in the film “Fahrenheit 451,” the Captain tells Montag he needs photographs with additional angles of his face. So that when they fake Montag’s capture and death on TV it would look more accurate.”

Yes, and AI can create a video of a crime in progress with anyone’s face in it. How could most people even afford to fight it in court? That is it even if you are innocent, you have just been canceled and imprisoned.


53 posted on 07/28/2025 7:10:03 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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To: Openurmind
No one should ever end up in court because of AI in the FIRST PLACE...

I agree. My point is only that it is less likely because the person who would be preparing and submitting as evidence the fake video knows that there would be plenty of time to discovery the fakery, so the point of doing it is diminished.

Also, to submit as evidence any video, a specific person must have personal knowledge of how that video was recorded, and testify to the authenticity of that video. So that means the person who faked the video would have to disclose their own identity to the legal system, and commit perjury. That's a pretty huge disincentive.

In contrast, a fake AI video of a political candidate - or honestly of any person - that is just being distributed on the internet anonymously obviously isn't being testified to by anyone. So the identity of the person creating isn't known, and there isn't the same level of disincentive for creating and disseminating it.

54 posted on 07/28/2025 7:12:30 AM PDT by Bruce Campbells Chin ( )
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To: Bruce Campbells Chin

Wouldn’t it solve a lot of problems if AI were required by law to sign all its work?


55 posted on 07/28/2025 7:22:27 AM PDT by Marylander
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To: Marylander
Wouldn’t it solve a lot of problems if AI were required by law to sign all its work?

It would probably help.

56 posted on 07/28/2025 7:27:12 AM PDT by Bruce Campbells Chin ( )
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To: Bshaw

I could see the internet being rendered almost unusable at some point because it’s just going to be all Ai spam and bots


57 posted on 07/28/2025 7:35:02 AM PDT by escapefromboston (Peace, commerce and honest friendship with all nations, entangling alliances with none.)
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To: Jonty30

Sounds like another reason to scrap AI.


58 posted on 07/28/2025 7:35:52 AM PDT by oldtech
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To: escapefromboston

It’s pretty much already happening. The problem is that the solution will be a completely government-controlled Internet.

Either way, we’re screwed.


59 posted on 07/28/2025 7:35:55 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Bruce Campbells Chin

“Also, to submit as evidence any video, a specific person must have personal knowledge of how that video was recorded, and testify to the authenticity of that video.”

Not until you end up in court. And you are still arrested for suspicion before any evidence is even addressed.

Just being arrested “as a suspect” is a serious problem. Society deems you are automatically guilty when you are arrested whether you are or not. And because Law Enforcement reports arrests with real names in the public spaces now your honesty and integrity has been challenged by both authorities and society. This arrest and public ridicule has cost many their jobs, their friends, and their families many times. I have seen it happen countless times.

Nothing should be allowed that can cause an innocent law abiding person to be arrested period. You can lose everything dear to you even if you are never convicted. Too late... Your life will never be the same just because of one wrongful arrest. And you never get it back...


60 posted on 07/28/2025 7:52:19 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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