Financial leaders are urged to adapt to changes brought by AI in authentication processes. OpenAI CEO is concerned that many banks still rely on voice prints for financial transactions, which AI can easily bypass. He warned of a looming fraud crisis stemming from AI advancements and stressed the need for improved verification methods. The possibility of adversarial entities using AI to compromise financial systems adds to these concerns. Financial institutions must enhance their security measures to prevent significant financial security breaches in the future.
"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."
"AI has fully defeated most of the ways that people authenticate currently - other than passwords."
"Society has to deal with this problem more generally, but people are going to have to change the way they interact. They're going to have to change the way they verify."
"In that scenario, he predicted someone, perhaps an adversary of the United States, gets a hold of powerful AI to attack the US using bioweapons or to break into financial systems and take everyone's money."
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