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April 20, 2024, 11:38 a.m.
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Brief news summary

AI technology has revolutionized industries, but scammers have found ways to exploit it for fraudulent activities, resulting in a massive $10 billion financial loss for Americans last year. These scammers are now using AI-powered voice cloning to impersonate celebrities, politicians, or familiar individuals and extort money from unsuspecting victims. With imposter scams causing a staggering $2.7 billion loss in 2020, distressing calls featuring threats and kidnappings have become prevalent tactics. The impact of AI voice cloning on elections is also a major concern, prompting the Federal Communications Commission (FCC) to ban AI-generated robocalls and establish penalties and call-blocking measures. Legislative efforts are underway to regulate these robocalls, and companies are developing AI-driven solutions to identify and filter out scam calls. To safeguard themselves, individuals can register with the Do Not Call Registry and utilize call-blocking apps or device features to thwart scammers' attempts.

AI technology has not only transformed businesses but has also provided scammers with new methods to deceive consumers. Despite a decrease in scam robocalls, Americans still lost a record $10 billion to fraud in 2020, as scammers have become more targeted and effective. Voice cloning, made possible by AI, allows scammers to impersonate celebrities, elected officials, and even close friends, leading to cases of extortion. Short voicemail greetings can even be used against individuals, such as when scammers use a bank loan officer's voice to deceive others. Phone scams can range from annoying to terrifying, as scammers use scare tactics to manipulate victims into sending money. The Federal Communications Commission (FCC) has taken steps to combat AI-generated robocalls by clarifying that they are illegal under the Telephone Consumer Protection Act.

The FCC can impose fines on robocallers and block calls from carriers that facilitate illegal robocalls. However, more action is needed to hold telephone providers accountable, as many continue to transmit fraudulent calls. Lawmakers are also working on legislation to regulate AI robocalls and increase penalties for impersonation scams. In terms of personal protection, individuals can add their numbers to the National Do Not Call Registry and use tools on their cell phones to filter out spam calls. Additionally, apps like YouMail and Robokiller can help block scam calls, and YouMail offers a voicemail feature to prevent voice cloning.


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