AI-powered scams on the rise in India, 83% victims lose cash: Report

The growing use and acceptance of synthetic intelligence (AI) instruments have made it less complicated to control photographs, movies, and voices of acquaintances and family. Lately, information surfaced that cyber attackers are exploiting AI-based voice expertise to deceive people. A current examine signifies that India is the nation with the best variety of victims, with 83% of Indians dropping their cash in such fraudulent actions.

Fraudsters are benefiting from AI to imitate the voices of distressed members of the family, and a substantial variety of Indians have gotten victims of such scams. A McAfee report suggests {that a} majority (69%) of Indians are unable to tell apart between a real human voice and an AI-generated voice.

As well as, the report titled ‘The Synthetic Imposter’ reveals that just about half (47%) of Indian adults have both been a sufferer of or know somebody who has fallen prey to some type of AI voice rip-off. This share is nearly twice the worldwide common (25%).

“AI expertise is fueling an increase in on-line voice scams, with simply three seconds of audio required to clone an individual’s voice. The survey was carried out with 7,054 individuals from seven nations, together with India,” the report highlighted.

As per the findings of a McAfee examine, a staggering 83% of Indian victims of AI voice scams have reported financial losses, with practically half of them (48%) dropping greater than 50,000. McAfee CTO, Steve Grobman, highlighted that whereas Synthetic Intelligence affords monumental potentialities, it will also be exploited by cybercriminals for malicious functions. He added that the simplicity and accessibility of AI instruments have enabled fraudsters to amplify their efforts, making their scams much more convincing.

Since every particular person’s voice is distinctive, it may be thought-about as a biometric fingerprint that establishes credibility. Nevertheless, the prevalent follow of 86% of Indian adults sharing their voice information on-line or by recorded notes at the least as soon as every week (on social media, voice notes, and many others.) has made voice cloning a potent weapon for cybercriminals.

In line with McAfee, a majority (66%) of Indian survey individuals admitted that they might reply to a voicemail or voice word that seems to be from a good friend or member of the family in pressing want of cash, particularly if it supposedly originated from their father or mother (46%), associate/partner (34%), or baby (12%). The report additional disclosed that messages that declare the sender was robbed (70%), concerned in a automotive accident (69%), misplaced their telephone or pockets (65%), or required help whereas travelling abroad (62%) have been most probably to impress a response.

The proliferation of deepfakes and pretend information has made individuals extra cautious concerning the veracity of on-line content material. The report indicated that 27% of Indian adults have misplaced religion in social media platforms, whereas 43% are apprehensive concerning the rising prevalence of disinformation or misinformation.


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