Voice-faking technologies are on the rise among phone scammers

Voice-faking technologies

Gref stressed that fraudsters in cyber attacks also almost always use artificial intelligence – in particular, deepfake technologies.  “They can call and speak from your number in your voice. This is a gigantic threat, it is hard for a normal person to fight this, and powerful protection systems must come to the rescue,” said the head of Sberbank.

For business and society as a whole, this is a great threat, since it is still very difficult to resist such fraud.  “Powerful systems of protection against this kind of counterfeiting should come to the rescue,” the head of the bank said.

In most cases, Sberbank’s algorithms recognize and stop suspicious transactions, Gref said.  “It sometimes causes discomfort when you want to have an operation and the artificial intelligence thinks it is a fraudulent operation.  But nevertheless it is critical for protection, ”he explained.

At the same time, Gref added that Sberbank is more often than other banks in Europe subjected to hacker attacks.  To resist them, he said, the internal defense system helps.

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