Fact · Voice privacy and security
In July 2025, OpenAI's chief executive Sam Altman told a Federal Reserve conference that some financial institutions still accept a voiceprint as authentication, and that this terrifies him.
Checked against its source on October 17, 2026
In the source's own words
“A thing that terrifies me is apparently there are still some financial institutions that will accept the voiceprint as authentication”
OpenAI's Sam Altman warns of AI voice fraud crisis in banking, Associated Press, WSLS (Associated Press story), 2025, Paragraph reporting Altman's remarks at the Federal Reserve conference.
Open the original- What it measures
- Altman spoke at a Federal Reserve conference in Washington. The Associated Press report adds that voiceprinting became popular for wealthy bank clients more than a decade ago, when customers spoke a challenge phrase into the phone.
- What it does not show
- This is one executive's public view, not a survey of banks, and the report does not name the institutions. It shows that the concern is recognized, not how many banks still use voice authentication.