OpenAI CEO Altman sounded the alarm: The financial industry is about to face a major AI fraud crisis. According to a report by the Associated Press today, OpenAI CEO Altman warned the financial industry that artificial intelligence tools can imitate personal voices to bypass security checks and transfer funds, which will trigger a major fraud crisis. Speaking at the Federal Reserve meeting in Washington on Tuesday, Altman said: It's shocking to me that there are still some financial institutions that accept voiceprints as authentication. It's incredible. AI technology has completely broken through this line of defense. AI has completely defeated most of the authentication methods that people use today, except passwords. According to reports, voiceprint authentication began more than a decade ago as a means of authentication for wealthy bank customers, who often need to speak a designated phrase on the phone to access their accounts. However, now that AI voice and even video cloning technology can imitate a person's identity with ever-increasing accuracy, Altman points out that this imitation is almost indistinguishable from the real thing, so new verification methods will need to be developed in the future. The FBI warned about these AI voice and video clones last year. Multiple parents have reported that people are using AI voice technology to try to trick them into believing their children are in trouble and get money out of them