AI Voice Cloning Fuels $16.6B Social Engineering Crisis
Social engineering attacks powered by artificial intelligence are driving unprecedented financial losses, with the FBI reporting $16.6 billion in cybercrime damages last year. Voice cloning technology now makes synthetic calls indistinguishable from genuine ones, enabling sophisticated vishing scams that bypass traditional security measures.
The Human Firewall Under AI Assault
Cybercriminals are weaponizing artificial intelligence to scale social engineering attacks with frightening efficiency, according to recent industry analyses. The FBI’s 2024 Internet Crime Report reveals the staggering impact: $16.6 billion in losses from nearly 860,000 complaints, representing a 33% surge from the previous year. What’s particularly alarming security experts is how phishing and spoofing dominated the crime landscape with over 193,000 incidents.
