Artificial intelligence is fueling billions of dollars in losses to scams as criminals clone people’s voices to compromise credit cards and bank accounts.
The classic scam where victims receive a call from a loved one asking for money is far easier with AI, WBTV reports.
Cybersecurity expert Thomas Hyslip, who spent two decades in federal law enforcement with the Secret Service and the Department of Defense, says it takes a matter of seconds to create impostor audio.
“Historically they had to manually go out and steal credit cards… Now with AI they can take what they already have and use that to enhance their ability to commit fraud…
Some of them, you can do [in] as many as 30 seconds. You can clone somebody’s voice and then make phone calls or, you know, use it to try to trick voice recognition. Some of the banks now use voice recognition in place of the phone number.”
