AI is becoming smarter and is helping humans in all possible ways. But all the work done using AI is in good belief. For example, AI is being used aggressively by cyber criminal so that people can get tricks to get out of their money. Deepfack, which is a word for AI-borne video, is becoming a global concern and now OpenIE CEO Sam Altmans are urging banks and financial institutions to be smarter than the most clever AI to protect the money.

Speaking at the Federal Reserve Conference, Altman warned that the financial institutions are dangerously reducing the growing threat of AI-managed fraud. He highlighted how artificial intelligence is already able to defeat many advanced security systems, and if the issue is not addressed, the results can be destructive.

“One thing that hurts me is that there are still some financial institutions that accept Voiceprints as authentication,” Altman said during the session (through CNN). “This is still a crazy thing. AI has completely defeated in the ways that people currently certify.”

Ultman insisted that the Voiceprint certification which was once considered a state-of-the-art security facility for a high-net-length client, is now becoming obsolete quickly. AI-Janit Voice Clons are already taking and are smart enough to make highly realistic sound, becoming more sophisticated according to the day. They can now assure individuals, making certification systems more weak than ever. Ultman warned that in the coming years, video will follow deepfec suits, attack facial identification systems and make reality almost impossible to separate the reality from forgery.

Altman’s comments are being used to steal money by actors of cyber threats amidst increasing concerns within the financial industry and in areas about AI. Generative AI is helping criminals in ways that make cheating much easier than ever. From implementing the CEO in corporate scams to cheating the parents with fake crisis calls from their children, the danger is no longer imaginary. Only last year, the FBI flagged off the increase in AI-operated scams, in which the cyber criminal inspired the voice of Senator Marco Rubio to reach high level officials.

“I am very nervous that we have an important, adjacent fraud crisis,” Altman stressed. “Right now, this is a voice call. Soon, it is going to be a facetime that is uninterrupted from reality.”

In particular, this is not the first time Altman played the alarm. The head of Openai, often talks about the two -edged nature of artificial intelligence. He has admitted that on one hand, AI is helping to increase productivity, accelerates scientific successes, and changes industries. On the other hand, AI is also bringing unprecedented risks, especially if it is ruled by misuse or poorly.

In one of his blog posts, he designed a vision for the 2030s, in which AI dramatically enhances human ability. “We have created systems that are smart in many ways,” he wrote. “But responsibility and security measures should come with that intelligence. If not, we are leaving the door wide for abuse.”