| Voice Cloning: A Startling New Cybertheft Risk In the age of digital technology, financial advisors have plenty to be concerned about when it comes to cybertheft. But a relatively new technology called voice cloning has created an even more startling risk. Voice cloning technology allows individuals to create synthetic replicas of a person's voice with the push of a button. Using a sample of a person's voice, the computer can create a clone of that voice, making it impossible to differentiate between the clone and the original. This technology has become a major concern for financial advisors, as it makes it even easier for scammers to commit financial fraud. By cloning a person's voice, a fraudster can get past security systems and gain access to confidential financial records. Now, financial advisors have to be diligent in protecting vital financial data from cyberattacks. The good news is that the use of voice cloning technology is still in its early days. As the technology develops, financial advisors must take steps to stay ahead of it and protect clients' information. Companies can institute extra security measures such as two-factor authentication or biometric security systems. In addition, financial advisors should be aware of the various ways scammers can use voice cloning technology to commit fraud and how they can protect themselves and their clients. |