Criminals are employing artificial intelligence technology to replicate individuals’ voices in order to authorize direct debits without consent. National Trading Standards (NTS) has issued a warning about this emerging method of fraud, which involves convincing financial institutions or service providers over the phone.
This technique allows fraudsters to bypass traditional security checks by mimicking the voice of the account holder, potentially leading to unauthorized withdrawals and financial loss.
**Why this matters**
Voice cloning fraud poses a significant risk as it can undermine existing verification processes that rely on voice recognition. Consumers should remain vigilant and verify any unexpected requests for direct debit setup through official channels to protect their finances.
Source: NewsData