Experts Warn You Should Never Share This 1 Thing About Your Finances With ChatGPT |
Experts Warn You Should Never Share This 1 Thing About Your Finances With ChatGPT
There are plenty of things you shouldn’t share with AI platforms, but experts warn this particular financial detail is especially risky.
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Many people rely on AI to offer advice on budgeting, analyse spending and run scenario simulations when investing or paying down debt.
While that sounds useful in theory, financial experts warn that there is one thing you should never share about your finances with large language models like ChatGPT, Claude, Grok or Gemini: identifiable financial information.
Although that makes doing any of your financial planning with AI pretty complicated, it’s wisdom worth following.
When you type in specifics or upload pictures of documents, this information is stored on the platform and may potentially put you and your finances at risk for fraud and identity theft.
“I highly recommend that clients should never share anything that identifies them or gives access to their accounts,” Nava Knafo, head of risk at National Bank Financial, told HuffPost. “Once they type it into a chatbot, they’ve lost control over where it goes.”
This includes your bank account and card numbers, passwords or PINs to any of your banking accounts, and government ID or Social Security numbers. Full bank statements, tax returns or loan documents are also dangerous to share with AI chatbots like ChatGPT since they bundle your name, address, employer and account........