Countering Voice Fraud in the Age of AI

Three-second audio clips, caller ID spoofing and AI-based deepfakes are driving a surge in vishing (voice fraud) that convincingly impersonates banks, regulators, and loved ones to steal money and sensitive information; the report outlines real incidents, large-scale targeting, and the growing difficulty of authenticating calls. It reviews regulatory actions and potential defenses including deepfake detection, voice biometrics, signaling controls, multi-factor authentication and user/business awareness.