This episode of The Indicator from Planet Money focuses on the rise of AI voice cloning and its use in scams, highlighting the financial industry's vulnerability. It details how banks are being targeted and the methods they are employing to defend against these deepfakes, including the use of AI detection software like Reality Defender. The podcast features insights from Mark Kwapczewski of PNC Bank and Ben Coleman, co-founder of Reality Defender, discussing the importance of multi-factor authentication and the need for broader regulation of AI-generated content. The episode also warns listeners about scams targeting individuals directly, urging caution and awareness.
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