Overcome AI Fraud: Navigating Voice Cloning and Digital Scams

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 25 April 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Learn how scammers deceive victims by using AI for voice cloning and learn how you can protect yourself from other AI-related fraud. How can you protect yourself from AI-driven scams that target your finances? What new scams are happening as technology advances? Hosts Sean Pyles and Sara Rathner discuss the alarming use of AI in scams and the future of fraud to help you understand how to safeguard your personal security. They begin with a discussion of AI-driven voice scams, with tips and tricks on recognizing potential fraud, staying informed about scam tactics, and the importance of open discussion to empower against scammer tactics. Then, scam expert Bob Sullivan, author of “Stop Getting Ripped Off” and host of the podcast The Perfect Scam, joins Sean to discuss the broader implications of AI technology in scams. They discuss the potential for AI to personalize phishing attacks, the ease of creating convincing fake audio and the importance of skepticism in the face of unexpected calls. Plus, the need for technology companies to embed safeguards, the role of societal learning in approaching unexpected calls and the importance of verifying any financial requests you receive. In their conversation, the Nerds discuss: AI scams, voice cloning, digital deception, phishing attacks, personal security, scam victims, artificial intelligence, fraud prevention, identity theft, technology-assisted scams, voice cloning technology, psychological impact of scams, safeguarding against scams, AI voice scam, digital defenses, personalized fraud, ethical technology, data privacy, scam awareness, voice replication, modern scams, voice imitation fraud, AI in criminal activities, big data and scams, combating scams, generative AI, scam prevention strategies, emotional toll of scams, technology and fraud, future of phishing, online vulnerabilities, deepfake technology, AI-enhanced phishing, scam resilience, scam reporting, technology safeguards, and scam detection. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Every runner knows the moment when everything clicks.
0:04.0	When your legs lock into a rhythm, the aches float away and doubts fade.
0:08.0	Replaced by a feeling of euphoria.
0:12.0	It's why you lace up at dawn.
0:15.0	Why little rain doesn't stop you.
0:17.0	Why one run turns into a habit.
0:20.0	So next time you go for a run, chase that runs high.
0:24.8	Learn more about running and go wild at puma.com.
0:29.5	We already know that our robot overlords are coming.
0:33.0	But in the meantime, while they plot,
0:35.3	their artificial intelligence skills are being put to use by bad actors all over the world, utilizing technology to bilk people out of their money.
0:43.2	That includes using AI to copy someone's voice and demand ransom for a non-existent kidnapping.
0:48.7	I had a full conversation with my daughter. It was interactive. There was no pause. There was no break. There was
0:55.0	nothing that would leave me to believe that wasn't her. So when the mom that stepped outside called
0:59.2	911, she came back in and she said, hey, 911 type me out that there's a scam where they use
1:05.0	AI and they can replicate anyone's voice. I didn't believe it. It gave me hope, but I didn't believe it.
1:16.3	Welcome to Nerd Wallet's Smart Money podcast. I'm Sean Piles. And I'm Sarah Rathner, and Sean
1:21.4	back-lipped is as creepy as it gets. It is. And the story we're going to hear today is as creepy
1:26.5	and as awful as it gets.
1:28.2	As we wrap up our nerdy deep dive into scams and identity theft and how to protect yourself from all of it so you don't lose your life savings.
1:35.4	Today we're going to examine the future of the scam industry and the expanding role of AI.
1:40.3	Yeah, I have to say, and I know you've touched on this in several of your interviews already, this is exhausting. I mean, it's hard to listen to this and not think, yeah, no matter what,
	...

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