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AI Voice Cloning is on the Rise

AI Voice Cloning is on the Rise

Artificial Intelligence (AI) is a tool that can be used for beneficial purposes but it is also used to harm by scammers. Approximately one in ten adults have been targeted with a robocall claiming a family emergency and that a loved one needs money. These types of calls are set up through voice cloning and are also known as AI scam calls. All a scammer needs to do is find an audio clip of someone’s voice online and then upload it into a program that will replicate the voice.

The Federal Trade Commission (FTC) recommends the following course of action if you get a concerning call from a loved one in trouble.

– Call the person who supposedly called you back at their regular phone number and verify the story.

– If you can’t reach the person, try to get in touch with them through family members or mutual friends.

– If the caller asks for money through channels that are hard to trace, such as cryptocurrency, gift cards and wiring, recognize that is a sign of a scam and end the call immediately.

– If you spot a scam, report it HERE.

We suggest that you consider setting up a safe word with your loved ones that can be used in the event that a real emergency occurs. Guard Well Identity Theft Solutions exists to provide you, your family, and your employees from the damages of identity theft. If you have any questions or concerns, please contact our Member Services team immediately. We are always available for you 24/7/365 at 888.966.4827 (GUARD).

Image courtesy credit: Israel Palacio via Unsplash.com

Investment Opportunity or Not? Keeping Eyes on Your 💰

Investment Opportunity or Not? Keeping Eyes on Your 💰

One of the top scams of the century involving investments is making a comeback in 2024. A fixed deposit, otherwise known as a term deposit, has traditionally been an investment plan that allows you to earn a safe guaranteed rate of interest for a lump sum over a fixed period of time. Funds can be withdrawn during the fixed term but there are fees to do so. Unfortunately, anyone with access to your personal identifying information and banking credentials can withdraw the money from these accounts.

Scammers desiring to cash in on anyone’s deal are offering fake investments that the masses are falling for. Here is how to get on the band wagon of what you need to know about fake fixed term deposit investment scams so you don’t fall victim:

– Understand that there is no such thing as easy money and it definitely doesn’t grow on trees.

– Every investment has some degree of risk. There is also risk in not investing at all so working with a reputable company registered with the Financial Industry Regulation Authority (FINRA), the Securities and Exchange Commission (SEC) or your state securities regulator is imperative.

– Get it in writing. If there isn’t any documentation that can mean that the investment may not be registered with the SEC and is not legit.

– An unsolicited phone call, text or email promising guaranteed profits is a really good reason to block the number or sender. With artificial intelligence (AI) having entered the pictured the last couple of years, it is understandably confusing as to who is real and who isn’t.

– If you are rushed to make any type of investment decision so you ‘don’t lose out’ and your gut tells you this investment is smelling fishy, then it’s probably ‘phishy,’ a scam technique that isn’t going away anytime soon. To learn more about phishing scams, check out the Federal Trade Commission’s article on the subject HERE.

Guard Well Identity Theft Solutions exists to provide you, your family, and your employees from the damages of identity theft. If you have any questions or concerns, please contact our Member Services team immediately. We are always available for you 24/7/365 at 888.966.4827 (GUARD).

Photo courtesy credit: Micheile Henderson on Unsplash.com