AI Scam Alert: Voice Cloning Scam

Artificial Intelligence (AI) is bringing a lot of benefits to how we do business and improve our lives. Unfortunately, the increased use of AI has also prompted scammers to use the technology to create deceptive messages, images and videos to enhance their schemes. AI scams are becoming so common and harder to identify that we are starting a new series, “AI Scam Alert” bringing attention to an AI scam every month with tips on how to best protect yourself and your business.

 

One trend that has become incredibly alarming is voice cloning scams.  This is when scammers use artificial intelligence to clone the voice of a loved one or trusted individual. By analyzing just a few seconds of recorded speech—like a voicemail or social media clip—AI can replicate a person’s voice with shocking accuracy. In personal situations, scammers use these cloned voices to make phone calls, posing as a friend or family member in distress, often claiming they urgently need money. Victims, believing they are hearing the voice of a loved one, may act quickly without questioning the situation. Businesses are also being targeted with voice cloning scams. Scammers may use voice cloning to impersonate executives or key personnel, contacting employees to request urgent wire transfers or sensitive information. Employees, hearing what they believe is the voice of their boss, may act quickly, trusting the request without proper verification. This type of attack can lead to significant financial loss or data breaches.

 

How to protect yourself and your business:

  • Be cautious with voice recordings shared online.
  • Verify unexpected requests by calling back the person's known number.
  • Implement multi-step verification processes for financial transactions.
  • Confirm unusual requests through other channels.

Staying aware and putting safeguards in place can prevent you and your business from becoming a victim of this new wave of AI-powered scams. ICC can put a comprehensive plan in place that includes verification processes and employee training. If you are missing one piece of the pie, you may be putting your business at risk and not being fully efficient. Contact us to get started with a consultation.

November 15, 2024