ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Scammers Can Clone Your Voice Faster Than You Think; Here's How to Stay Safe

Never give out personal or financial information over the phone, especially if you suspect it’s a scam.
PUBLISHED APR 30, 2024
Cover Image Source: Photo by Anete Lusina | Pexels
Cover Image Source: Photo by Anete Lusina | Pexels

Cybersecurity experts claim that malefactors are employing advanced technologies to mimic human speech. AI is a technology that can mimic a person's voice from a few seconds of audio. Using this approach they create phony recordings that sound just like a genuine person. They then deceive your friends, relatives, or coworkers into providing them with money or information by using these fictitious messages. For this reason, exercising caution is crucial. Avoid answering calls from unknown numbers, and if you do, hold off on speaking with the person right immediately. That's the opinion of specialists like Chris Hauk, a privacy protectionist. You have the option to report unknown callers to your voicemail and blacklist potential con artists. This can protect you against deceptive voice copying techniques.

Image Source: Photo by Andrea Piacquadio | Pexels
Image Source: Photo by Andrea Piacquadio | Pexels

U.S. spam call statistics

Millions of spam calls are received by Americans each month, making phone scams a major issue in the country. About 68.4 million residents were impacted by these scams, which cost people $39.5 billion in 2022 alone. Each victim lost, on average, $567.41, which is a substantial rise over the previous year, reports Sun.

The U.S.  saw a 56% increase in spam calls in 2021, with 60% of them being automated robocalls. On average, people in the U.S. receive 18 spam calls each month, but some experts believe that the number might be as high as 31 per month. Legitimate phone calls from nearly 38% of businesses are being reported as possible fraud. This means that a large number of calls even from reliable companies may be mislabeled as spam.

To protect yourself from these scammers, never give out personal or financial information over the phone, especially if you suspect it’s a scam. Remember, your bank will never ask for this information over the phone.

Reducing spam calls is another action you can do. Joining the Do Not Call Registry can be beneficial because it is legally mandated that telemarketers look up your name on this list before contacting you. Moreover, you may assist filter out spam calls by downloading apps like Hiya, Nomorobo, or Truecaller. It's important to be cautious about sharing your phone number, especially online or with unreliable sources. This can help minimize the chances of your number falling into the hands of scammers.

Image Source: Photo by CoWomen | Pexels
Image Source: Photo by CoWomen | Pexels

How can you stay safe?

Here's what you can do to stay safe:

1. Let Unknown Calls Go to Voicemail: If someone important is calling you, they'll likely leave a message. This helps you avoid talking to scammers or automated calls.

2. Set Up Your Voicemail: Make sure your voicemail is set up so you don't miss any important messages. Plus, it stops scammers from using your voice.

3. Return Calls to Known Numbers: If someone leaves a message, call them back on a number you know is good. That way, you can make sure it's them.

4. Save Important Numbers: Save numbers like your doctor or your child's school on your phone. This makes it easier to recognize calls you want to answer right away.

Remember, as technology gets better, scams like this might become more common. So, it's important to stay alert and take steps to protect yourself.

MORE ON MARKET REALIST
U.S. Trade Representative launched Section 301 probes into unfair trade practices of 60 countries
10 hours ago
The Customs and Border Protection said the four-part refund system will be operational in a few weeks
15 hours ago
Jeopardy! threw indirect shade at the actor for saying no one cares about Ballet and Opera .
1 day ago
Harvey, in his wildest imagination, couldn't believe the answer was popular.
1 day ago
The host couldn't believe his eyes when the answer showed up on the board.
1 day ago
David Malpass told Fox Business that U.S. energy independence will be crucial for growth measures
2 days ago
Sen. Rick Scott has proposed 'American Dream Accounts' that would help people save for a home.
2 days ago
The nonpartisan fiscal watchdog CFRB has warned that the U.S. may be heading blindly into the next crisis.
2 days ago
Anthropic CEO Dario Amodei explains if AI models can actually go rogue and rebel against humans.
2 days ago
By the end of the game, Harvey was left wondering what he had just heard.
2 days ago
Senator Cory Booker is set to introduce the new tax with the aim to curb the cost-of-living crisis
3 days ago
Illinois is looking to setup Newborn Equity Support Transfer program to help mothers with childcare
3 days ago
Harvey was disappointed with the players who couldn't come up with the most obvious answers.
3 days ago
Some of the answers were too bizarre even for the seasoned host, Steve Harvey.
3 days ago
While the host fumbled the card, it had just enough for Brenda to win a brand new car
6 days ago
The nonpartisan fiscal watchdog revised its estimates to add $2 trillion to its earlier projection.
6 days ago
Chevron president Andy Walz urged the state's regulators to review their climate policy.
6 days ago
Harvey looked like he had enough as yet another question popped up, targeting him on the show.
6 days ago
Frito-Lay has recalled certain bags of its popular Miss Vickie's Dill Pickle Potato Chips
6 days ago