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Bharti Enterprises executive targeted by AI voice cloning scam in Dubai, fraud prevented

Oct 22, 2024Dubai, United Arab Emirates2 sources

Summary

Sunil Bharti Mittal, Chairman of Bharti Enterprises, revealed at the NDTV World Summit that an AI-powered scam attempted to defraud his company by cloning his voice. The scammer used artificial intelligence to mimic Mittal’s voice and called an executive in Dubai to demand a significant money transfer. The executive identified the scam and prevented the fraud, as the AI-generated voice was highly convincing. Mittal warned about the growing misuse of AI in fraud schemes, including voice cloning, digital signature forgery, and deepfake videos. The incident is part of a broader trend of AI-enabled scams, with similar cases reported, such as a ₹7 crore fraud involving SP Oswal of Vardhman Group. Mittal emphasized the need for vigilance and a balanced approach to AI adoption to harness its benefits while mitigating risks.

Incident Details

Domain
Fraud & Financial
Harm Types
Voice Cloning Fraud
AI-Powered Financial Fraud
Mechanism
conduct
Companies
Bharti EnterprisesVardhman Group
Recipient
OrganizationBharti Enterprises
Dimensions
economic

Who Was Affected

Age
Adult
Gender
Male