Bank Warns AI Voice-Cloning Scams Could Target Millions

A major bank has issued a warning that “millions” of people could become victims of a new type of scam involving AI voice-cloning technology. Scammers are using AI tools to clone people’s voices, making it easier to trick their friends, family, or colleagues into believing they are in need of help or money.

How the Scams Work

AI voice-cloning technology allows scammers to recreate someone’s voice with just a short audio sample. They can then use this cloned voice to make phone calls or leave messages that sound exactly like the person they’re pretending to be. Victims may receive a call from what they believe is a trusted friend or family member, asking for money due to an emergency or other urgent situation.

In these scams, the cloned voice might sound nearly identical to the real person, making it difficult to detect the fraud. This new tactic is a dangerous twist on more traditional phishing and social engineering scams.

A Growing Threat

The bank’s warning highlights the growing risk posed by AI-powered scams as technology becomes more advanced and accessible. Criminals are finding new ways to exploit AI tools for financial gain, and voice-cloning is one of the latest techniques.

Millions of people around the world could potentially be targeted, especially as more personal information, including voice recordings, becomes available online through social media, video calls, or other digital platforms. Once scammers obtain even a brief clip of someone’s voice, they can use it to create a convincing fake.

How to Protect Yourself

To avoid becoming a victim of AI voice-cloning scams, experts recommend taking the following precautions:

  1. Be cautious of unexpected requests for money: Even if the request comes from someone you trust, verify the situation through another method of communication before sending any money.
  2. Use multi-factor authentication (MFA): For sensitive accounts, ensure you have MFA in place to add an extra layer of protection.
  3. Limit sharing personal information: Be mindful of how much personal information, including voice recordings, you share online or in public forums.
  4. Alert friends and family: Let them know about this type of scam so they can be more cautious if they receive suspicious calls.

Conclusion

As AI voice-cloning technology becomes more sophisticated, it’s critical to stay informed and take precautions against potential scams. With millions of people at risk, protecting yourself from these emerging threats is more important than ever.