Voice ID is a form of biometric voice authentication that helps to verify users by recognizing the unique sound waves emitted from their speech. Despite its initial popularity with banking institutions, there are many risks associated with using this technology in games and other applications like Skype.

The “voice biometrics” is a technology that banks have begun using despite the security risks. The voice recognition software can be used to authenticate users and to verify their identity.

1639589587_307_Banking-Institutions-Have-Begun-Using-Voice-ID-Tech-despite-SecurityImage courtesy of TheDigitalArtist (Pixabay)

Voice ID, a voice biometric technology, has been used by a number of financial institutions and a handful of IFSPs as a method of account access. Despite worries about deep voice technologies and the increased availability of recordings of individuals through social media and other public sources, this is occurring.

Social Engineering and Deep Fakes

Because Chase is far from the only company to use biometric security, it’s possible that it’s reached a point where it’s no longer a cause for worry. Many significant and well-known institutions have also included it into their operations. The possibility of deep fake or deep voice vulnerabilities mixed with social engineering, on the other hand, is genuine, as at least one incidence has been reported in which a bank employee was duped into transferring $35 million dollars as part of a fraud in 2020.

A bank manager in Hong Kong got a call in early 2020 from a guy whose voice he recognized—a director from a firm with whom he’d previously talked. The director had wonderful news: his firm was set to complete a $35 million purchase, and he needed the bank to approve certain payments. The operations were being coordinated by a lawyer called Martin Zelner, and the bank manager could see emails from the director and Zelner in his inbox, verifying what money needed to transfer where. The bank manager started making the transactions after verifying that everything looked to be in order.

The issue here isn’t with “deep voice” technology. This is a ludicrously insecure security system that permits money to be transferred over the phone. https://t.co/ClzzxILOz7

October 14, 2021 — Anthony DeRosa (@Anthony)

Apart from the method’s possible security problems, it seems that some institutions do not even provide an opt-in or opt-out option. Enrollment may begin with as little as a phone call. When one customer sought to contact their bank, Chase, an automated greeting greeted them with “a disclaimer that it would be fingerprinting my voice,” and they were not given the option to opt out.

1639589588_30_Banking-Institutions-Have-Begun-Using-Voice-ID-Tech-despite-SecurityChase (photo)

Users of Voice Biometrics who are currently known

Sources: Forbes, Key Discussions (via Techdirt).

Recent Developments

1639589589_446_Banking-Institutions-Have-Begun-Using-Voice-ID-Tech-despite-Security

Microsoft has released $24.99 posters to commemorate the Xbox 360’s Red Ring of Death.

14 December 2021 14 December 2021

1639589589_224_Banking-Institutions-Have-Begun-Using-Voice-ID-Tech-despite-Security

This Week on Xbox Game Pass: Mortal Kombat 11, Transformers: Battlegrounds, and More

14 December 2021 14 December 2021

1639589590_116_Banking-Institutions-Have-Begun-Using-Voice-ID-Tech-despite-Security

Samsung Develops GDDR6 Memory at 20 Gbps and 24 Gbps, Expanding Next-Gen Graphics Card Options

14 December 2021 14 December 2021

1639589591_324_Banking-Institutions-Have-Begun-Using-Voice-ID-Tech-despite-Security

The System Shock Remake by Nightdive Studios will be released next year.

14 December 2021 14 December 2021

1630364779_817_Vending-Machine-with-AMD-Ryzen-Processors-Spotted-in-Japan

GeForce RTX 3070 Ti (16 GB) and GeForce RTX 3080 (16 GB) from NVIDIA (12 GB) Delayed, according to reports

14 December 2021 14 December 2021

1639589592_348_Banking-Institutions-Have-Begun-Using-Voice-ID-Tech-despite-Security

According to AIDA64, NVIDIA GeForce RTX 3080 Ti Laptop GPU is on the way.

14 December 2021 14 December 2021

Watch This Video-

  • natwest
You May Also Like

MotoGP 21 – Man on track – .games MotoGP 21

REVIEW – A new year, a new MotoGP game, and the changes…

[D2] Daily Reset Thread [2021-01-25]

Content of the article Advanced daily modifiers Arch hinge : Arch damage…

Destiny 2 Light of the Fire Warmind Cell Mod

Destiny 2 has a lot of mods, and the Warmind Cell is…

A Link to the Past ROM Hacks (Ranked) –

A Link to the Past is one of the most influential games…