An analyst told Fox News Digital that AI had opened the floodgates to enormous fraud, which may cost taxpayers hundreds of billions or even a trillion dollars over the next year.
According to Haywood Talcove, chief executive officer of LexisNexis Risk Solutions’ government business, which analyzes and forecasts risk, identity theft from government and state agencies is already being committed using stolen identities from the dark web.
Social Security, Medicare, Medicaid, and unemployment benefits, intended to help the most needy in American society, are instead lining the wallets of international criminals and criminal organizations.
After Hurricane Katrina and the COVID outbreak, Talcove projected a rise in fraud and fraud.
Now he’s warning everyone about the dangers of AI.
Any government or state organization might be a target, making anyone with an internet presence vulnerable.
Experts think that voice-cloning technology is improving, which may explain the rise of “Deepfake” films that claim to show celebrities and politicians doing and saying things they haven’t.
For instance, getting a call from someone pretending to be a police officer or other official person and asking for money to bail out a friend or family member is an old and tired scam.
But in 2023, the scam is more devious.
Federal officials have warned that calls may now originate from a clone of someone’s voice.
This week, the Federal Trade Commission issued a consumer notice warning the public to be on the lookout for calls made by criminals using artificially created voice clones.
The commission advised that all the fraudster needs is a short audio clip of someone’s voice which may be obtained from anything uploaded online. The scammer could authentically sound like whoever they want to be.
According to a representative from the Federal Trade Commission, the organization cannot estimate the number of reports of people who have been scammed by criminals employing voice-cloning technology.
A science fiction story’s narrative may sound fantastic, but it’s not all made up.
In 2019, con artists posing as the CEO of a U.K.-based energy business asked for $243,000 in what they said was a wire transfer. In 2020, a bank manager in Hong Kong was duped into making large transactions by a con artist who used voice cloning technology. And earlier this year, a suspected voice copying fraud caused at least eight Canadian retirees to lose $200,000.
