Swedish Spam Blocker Truecaller Takes on AI Voice Clones

(Bloomberg) — Sweden’s Truecaller AB, the developer of a caller ID and spam-blocking app, is deploying technology to counter the growing number of criminals using artificial intelligence-generated voice cloning to defraud phone users.

Scammers are cloning voices to increasingly target companies, Chief Executive Officer Rishit Jhunjhunwala told Bloomberg News. For example, he’s seen a fake version of a CEO’s voice being used to call up the firm’s finance chief to request a large transfer. Fraudsters are also posing as fake customers to get inside companies’ systems.