AsianFin -- OpenAI CEO Sam Altman has warned that artificial intelligence may soon spark a global fraud crisis, as the technology enables increasingly convincing impersonations.

“What really scares me is that some financial institutions still use voice prints as a means of authentication,” Altman said. “You just say a challenge phrase, and they’ll move large amounts of money. That’s crazy. AI has already broken most current forms of authentication—except passwords.”

Altman’s remarks reflect growing concern among tech leaders that AI-generated voice and video could be used for identity theft and financial crimes, underscoring the need for stronger verification systems.