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
Sweeney's team blatantly broke a rule and the host had to let it go multiple times.
17 hours ago
Dimon reiterated a nuanced and overall upbeat view about the effect of artificial intelligence on the economy.
20 hours ago
The guest who worked closely with the author said the collection was sentimental to her.
4 days ago
As per a recent study, nearly half of the millionaires think they need better financial planning.
4 days ago
Partnering with Wing, Walmart has expanded its service to yet another metro, this time in Georgia.
4 days ago
Economists, John Campbell and Tarun Ramadorai told CBS that Americans are unprepared for retirement.
5 days ago
Supporters of the Trump administration are not happy with the retailer's latest move.
5 days ago
The advocacy group, Amazon Employees for Climate Justice, addressed the letter to CEO Andy Jassy.
5 days ago
The player, Noah Kraski solved the final puzzle with just two clues on the board.
6 days ago
In a suit filed in the Court of International Trade, the retailer argued the tariffs were unlawful.
6 days ago
The company will pay about 15,000 workers a weekly compensation and millions in civil penalties.
6 days ago
Chorsie Calber IV, who lost a car on Thursday, won $120,000 in his second Bonus Round of the week.
7 days ago
The Black Friday sales were up by 10.1% from 2024, despite economic uncertainty and cost concerns.
7 days ago
The two Choceur brand products from Silvestri Sweets were sold in over a dozen states.
7 days ago
While Toni Perrotta didn't land on the big prize, she got to drive home a Toyota sports car
Nov 27, 2025
The Turkey Dinner Kit has got rave reviews from customers on social media already.
Nov 27, 2025
The contestant, Liz St. Claire got close to taking home nearly $75,000.
Nov 26, 2025
The contestant, Emily bet $10,000 on the item and ended up losing everything.
Nov 26, 2025