| Voice cloning technology has become a major source of worry for experts and regulators around the world, with the potential for malicious actors to exploit this technology in the form of a scam. The increasing use of artificial intelligence (AI) voice cloning technology has raised greater concern among experts and regulators as malicious actors look to exploit the technology in a scam. According to the Nigerian Business Post, the potential for AI voice cloning has made it possible to imitate any person’s voice, thus creating a convincing audio impersonation. The use of AI voice cloning can have dire consequences, leaving users vulnerable to fraud. Criminals can use AI voice cloning technology to mimic the voice of a target person in order to impersonate them and trick victims into transferring large sums of money or sharing confidential information. Experts warn that the technology is still in its infancy and can be easily manipulated by criminals. To combat the rise of such scams, Nigerian regulators are calling on businesses to implement stronger security measures. These measures include using biometrics and behavioral analytics to detect and prevent fraud. Furthermore, businesses should ensure their systems are regularly updated and that their staff are adequately trained to identify suspicious activity. As AI voice cloning technology continues to evolve, regulators must remain vigilant and take the necessary steps to protect consumers. |