AI voice synthesis has surpassed the quality threshold for telephone fraud. The first documented AI voice clone fraud transferred €220,000 in 2019. Garmin's CEO, financial executives at multiple Fortune 500 companies, and even LastPass's CEO have had their voices cloned for fraud attempts. For any financial transaction, the voice heard on a phone call is no longer sufficient authorisation. Require independent channel verification (a separate text or email from a known internal system, a coded authorisation number from your financial controls platform) for any wire transfer, regardless of whether the requesting voice sounds exactly like your CEO.
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