Chicago: The smartphone users beware of new fraud and counterfeiting.
According to a foreign news agency, Chicago-based software company Keeper Security has warned smartphone users of a new wave of fraud and Counterfeiting.
Cybercriminals are using artificial intelligence to extract private information from smartphone users, the company said.
The clone technology, called DeepFax, works by duplicating the voices of customers’ friends, relatives and customer service representatives.
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Artificial intelligence forgeries are done in two steps involving voice imitation and social engineering. First, fraudsters collect voice samples from the target’s friends and then try to replicate them using AI voice cloning technology.
After the fake voice is created, the fraudsters execute the second part of the attack. In this, fraudsters call their target and try to establish trust using a manufactured voice.
Fraudsters call their targets, pretending to know them, and then ask for immediate financial help while talking to someone in the family about financial problems.
Also read this: Security Alert: Facebook users Beware of Counterfeiters
