| Regulators Work to Stop Wave of Voice Cloning Scams In a rapidly evolving world of technology, criminals are continually finding new avenues to dupe unsuspecting victims. The latest of these scams, known as voice cloning, has regulators scrambling to find solutions that can help protect citizens from its effects. Voice cloning is a form of identity theft that uses artificial intelligence to manipulate recordings of a person's voice. In this way, the perpetrators are able to create convincing impersonations of their victims, which can then be used to gain access to their accounts, steal money and assets, and even commit fraud. Unfortunately, this type of scam is difficult to detect and prevent, as it relies on sophisticated technology and advanced artificial intelligence algorithms. Regulators are now looking to use a combination of traditional fraud-detection methods and more advanced AI-powered solutions to identify and block these criminals before they can take advantage of victims. The Kiplinger Letter recently reported that a group of financial and technology experts from around the world are working together to develop new ways to tackle voice cloning scams. These experts are hoping to create complex systems which can not only detect suspicious activities, but also help to identify and block potential perpetrators. Until this network is in place, regulators are urging citizens to remain vigilant and take extra precautions when conducting financial transactions. |