E-Business
How AI Voice Deepfake Tools Used in Cyber Fraud Can Fool You
The Beatles have once again delighted millions of fans around the world by releasing a new song, all possible thanks to artificial intelligence (AI), combining parts of an old recording while also improved its audio quality.
While there is joy at the band’s masterpiece, there is also a darker side of using AI to create deepfake voices and images.
Thankfully such deepfakes – and the tools used to make them – are for now not well developed or widespread, nevertheless, their potential for use in fraud schemes is extremely high, and the technology is not standing still.
What are voice deepfakes capable of?
Open AI recently demonstrated an Audio API model that can generate human speech and voice input text. So far, only this Open AI software is the closest to real human speech.
In the future, such models can also become a new tool in the hands of attackers. The Audio API can reproduce the specified text by voice, while users can choose which of the suggested voice options the text will be pronounced with.
The Open AI model, in its existing form, cannot be used to create deepfake voices, but is indicative of the rapid development of voice generation technologies.
Today, practically no devices exist that is capable of producing a high-quality deepfake voice, indistinguishable from real human speech.
However, in the last few months, more tools are being released to generate a human voice. Previously, users needed basic programming skills, but now it is becoming easier to work with them. In the near future, we can expect to see models that will combine both simplicity of use and quality of results.
Fraud using artificial intelligence is uncommon, but examples of “successful” cases are already known. In mid-October 2023, American venture capitalist Tim Draper warned his Twitter followers that scammers can use his voice in fraud schemes. Tim shared that the requests for money being made by his voice are the result of artificial intelligence, which is obviously getting smarter.
How to protect yourself?
So far, society may not perceive voice deepfakes as a possible cyber threat. There are very few cases where they are used with malicious intentions, so protection technologies are slow to appear.
For now, the best way to protect yourself is to listen carefully to what your caller says to you on the telephone. If the recording is of poor quality, has noises, and the voice sounds robotic, this is enough not to trust the information you hear.
Another good way to test your companion’s “humanity” is to ask out-of-the-box questions. For example, if the caller turns out to be a voice model, a question about its favourite color will leave its stumped, as it is not what a victim of fraud usually asks.
Even if the attacker manually dials and plays back the answer at this point, the time delay in the response will make it clear that you are being tricked.
One more safe option is also to install a reliable and comprehensive security solution. While they cannot 100 percent detect deepfake voices, they can help users avoid suspicious websites, payments, and malware downloads, by protecting browsers and checking all files on the computer.
“The main advice at the moment is not to exaggerate the threat or try to recognise voice deepfakes where they don’t exist. For now, the available technology is unlikely to be powerful enough to create a voice a human would not be able to recognise as artificial.
“Nevertheless, you need to be aware of possible threats and be prepared for advanced deepfake fraud becoming a new reality in the near future,” comments Dmitry Anikin, Senior Data Scientist at Kaspersky.
E-Business
Microsoft to Boost AI Growth with $80Bn Investment
Microsoft has announced plans to invest $80 billion in the 2025 fiscal year to expand its data centre infrastructure.
The investment will focus on supporting the training of artificial intelligence (AI) models and the deployment of AI and cloud-based applications.
The company disclosed this initiative in a blog post on Friday, emphasising its commitment to advancing AI and cloud technology.
Since OpenAI launched ChatGPT in 2022, investment in AI has surged as businesses across sectors strive to integrate artificial intelligence into their products and services.
AI requires enormous computing power, pushing demand for specialised data centres that enable tech companies to link thousands of chips together in clusters.
Before now, Microsoft has invested billions of dollars to enhance its AI infrastructure, broadening its data centre network.
Analysts project Microsoft’s fiscal 2025 capital expenditure, including capital leases, to reach $84.24 billion, according to Visible Alpha.
The company’s capital expenditure in the first quarter of the fiscal year rose by 5.3% to $20 billion.
As the primary backer of OpenAI, the tech giant is considered a leading player among Big Tech companies in the AI race, owing to its exclusive partnership with the AI chatbot developer.
More than half of Microsoft’s $80 billion investment will be allocated to the United States, Brad Smith, vice chair and president noted in the blog post.
“Today, the United States leads the global AI race due to the investment of private capital and innovations by American companies of all sizes, from dynamic start-ups to well-established enterprises,” Smith remarked.
E-Business
NDPC to Impose Heavy Fines on Defaulting Data Processors, Controllers this Year
Nigeria Data Protection Commission (NDPC) has announced plans to significantly ramp up enforcement and impose substantial fines on data controllers and processors that violate the Nigeria Data Protection Act (NDPA) of 2023.
This was disclosed by Dr Vincent Olatunji, national commissioner/CEO of the Commission, in a video message outlining the Commission’s 2025 agenda, shared on the agency’s social media platforms.
A statement issued by the Communications Division of the Commission on Friday quoted Dr Olatunji as saying that, “For data controllers and processors, there is going to be massive enforcement. We have never really issued any fine, but going forward, you’ll hear us giving heavy penalties.”
He assured Nigerians that their data rights, as guaranteed by the NDPA, will be fully protected, and defaulting data controllers and processors will face strict consequences.
The Commissioner highlighted the NDPC’s extensive engagements with stakeholders across public and private sectors to promote awareness and compliance with the Commission’s mandate.
The efforts, he said, have resulted in the signing of Memorandums of Understanding (MOUs) with key organisations, including the National Insurance Commission (NAICOM), National Lottery Regulatory Commission (NLRC), the Data Privacy Office of Canada, and the Dubai International Financial Centre Authority (DIFC), among others.
Dr Olatunji also shared that the NDPC will advance to the second phase of its Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027) in 2025.
This phase is expected to create job opportunities within Nigeria’s data protection and privacy ecosystem, particularly for young people.
The Commission has been actively training Nigerians in data protection and privacy, creating a pool of globally competitive experts within the data protection sector in 2025.
“There are a lot of data controllers and processors that are looking for people to work with them. Now those that we have trained in 2024, those we have certified, we are going to do more this year to actually launch them to the job market where they can really work with data controllers and processors,” he said.
Additionally, the NDPC will continue nationwide efforts to promote data protection awareness.
The Commission aims to educate citizens about their rights and the importance of data privacy while reminding data controllers and processors of their obligations under the NDP Act.
Dr Olatunji emphasised that these initiatives are part of the broader goal to embed a culture of data protection and privacy in Nigeria.
As part of its international engagement efforts, Nigeria will host the “Network of African Data Protection Authorities Conference” in May 2025, with over 40 nations with existing data protection laws expected to attend.
According to Dr Olatunji, this global event will position Nigeria as a leader in the data protection ecosystem, and bring significant economic benefits to the country.
The NDPC reiterated its commitment to ensuring data protection and privacy become integral to Nigeria’s digital landscape, building trust and fostering economic growth, the statement added.
E-Business
NIPOST Reports 275 Percent Revenue Growth in 2024
Nigeria Postal Service (NIPOST), achieved a 275 percent increase in revenue for the year 2024, according to Tola Odeyemi, postmaster general.
At the beginning of the year, NIPOST set an ambitious target of generating N10 billion in revenue.
Although specific figures for the end of the year were not disclosed, the reported increase suggests a significant recovery for the postal service, which had previously faced consistent decline.
Odeyemi, who made the disclosure while listing NIPOST’s achievements for the year recently, attributed the growth to a series of reforms aimed at enhancing service quality and eliminating revenue leakages
The NIPOST boss detailed the steps taken to boost revenue, noting the implementation of Point of Sale (PoS) terminals in high-transaction areas, which has streamlined payment processes and improved customer experience.
She said, “One of the major achievements for us in 2024 has been a 275% increase in revenue from 2023. We achieved this by plugging a lot of the revenue leakages that we have by deploying PoS terminals for payment in our high transaction areas, as well as ensuring that our quality of service goes up.”
Looking ahead, Odeyemi outlined NIPOST’s plans to sustain this growth trajectory.
She said the organisation has embarked on renovations and upgrades of key locations in Abuja, Lagos, and Kaduna, alongside enhancements to the Postal Institute, which is central to the agency’s change management initiatives.
Furthermore, she stated that NIPOST is gearing up for several major developments in 2025, including the rollout of a national addressing system and digital postcode services, specialised logistics for agriculture and healthcare, and a relaunch of its financial services.
“There will be infrastructure upgrades, which will take place across the Federation and there will be an increase in access to government services through your local NIPOST location,” she said.
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