New Delhi, Oct 21: Scammers often use AI voice clones to con commoners to transfer money or disclose financial information but it's rare when they try to impersonate a billionaire. This is exactly what scammers tried to do by cloning telecom czar Sunil Bharti Mittal's voice to scam his executive in Dubai to transfer money.

Fortunately, the executive was smart enough to realise Mittal won't ask for such a huge money transfer and the scam was stopped in its tracks.

On Monday, speaking at the NDTV World Summit, Mittal cited the incident to caution people about the risks posed by misuse of emerging technologies like AI.

Mittal recounted how the said executive stationed in Dubai received a fraudulent call that seemed to mimic his voice and tone and directed that a large fund transfer be done.

The official who was vigilant and "sensible" immediately realised it was a scam, Mittal said admitting that when he heard the voice recording himself he was completely "stunned" as "it was perfectly articulated just as I would speak".

"And anyone who would not have been vigilant may have done something about it," Mittal said and warned that in future misuse of technology would enable fraudsters to go a step ahead and misuse digital signatures, even replicate faces on zoom calls to perpetrate such acts.

"We'll have to protect our societies from the evils of AI, and yet we have to use the goodness of AI, because those companies, and nations that will not adopt AI will be left behind. So this is a conundrum for every time you get a new technology into place, there are pluses and minuses. I remain very optimistic about the benefit of AI that the human race will achieve and be able to do jobs which are otherwise very difficult to perform," Mittal said.

It is pertinent to mention here that advent of tech era, powered by AI and digital tools, has armed economies and businesses with transformative powers. That said, it is also being misused blatantly by online scammers and fraudsters to dupe unsuspecting public.

There are umpteen instances of fraudsters nudging victims to click on malicious links, or using deepfakes and voice cloning for scams.

The sophisticated web of AI-powered deceit makes it harder to spot online scams, and fraudsters have been known to clone and mimic a person’s voice from even short audio clips nicked from video a person may have uploaded online.

Scammers then leverage the AI-cloned voice to pose as the person and demand money from friends and family.

At the same time, scammers are also using 'digital arrest' modus operandi, where they place audio or video calls, falsely pose as law enforcement officers, and use online intimidation to confine victims to their homes for extortion.

These elaborate and sophisticated scams involve cybercriminals using fake documents, replicating virtual courtroom or police stations as a backdrop, to place victims under 'digital arrest'.

Recently, SP Oswal, chairman and managing director of Vardhman Group was defrauded of Rs 7 crore by a gang which posed as officials from various government agencies.

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Barcelona (AP): Real Madrid slapped players Federico Valverde and Aurélien Tchouaméni with half-a-million-euro ($588,000) fines on Friday for their altercation during practice.

The massive fines came a day after the midfielders tussled when the team trained. Valverde said in a post on social media on Thursday that no punches were thrown. But Valverde knocked his head on a table and he suffered a small cut that required a brief hospital visit.

On social media, Valverde initially called it a “meaningless fight” with a teammate and said “everything has been blown out of proportion."

His employers, however, considered it a significant enough breach of team discipline to nail both Valverde and Tchouaméni with fines that bite even the bank account of a top soccer player. The half-a-million euro penalties reflect the reputational damage the club was enduring in a chaotic end to a disappointing season.

In a statement, the 15-time European champion said its disciplinary action was concluded after both players expressed to the club “their complete remorse for what happened and apologized to one another.”

Madrid added they also apologized to their teammates, the coaching staff and club supporters, as well as showing their willingness to accept whatever disciplinary action the club deemed “opportune.”

Tchouaméni was back training with Madrid on Friday, two days before they play at Barcelona in a clasico. Madrid has to win otherwise Barcelona will be crowned La Liga champion.

After being notified of the fine, he posted a public apology to the club and its fans on social media.

“What happened this week in training is unacceptable,” Tchouaméni wrote. "I say this while thinking about the example we are expected to set for young people, whether in football or at school.

“Above all, I am sorry for the image we projected of the club.”

Valverde was not at practice due to the head knock.

Both players are set to play in the World Cup next month, with Tchouaméni playing for France and Valverde for Uruguay. 

Chaotic end to a poor season

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The run-in between the players, who for seasons have played side by side in Madrid's midfield, came after they argued this week in previous training sessions. But tempers boiled over on Thursday. Spanish media was rife with reports that the players previously disagreed over the club's decision to let coach Xabi Alonso go after just months on the job.

It was not the only altercation involving Madrid players during training this week. Álvaro Carreras confirmed he was in a “minor” incident with a teammate. Spanish media said he and fellow defender Antonio Rüdiger got into a scuffle.

Álvaro Arbeloa, the coach who was promoted from Madrid's reserve team when Alonso was fired in January, will face tough questions on what went wrong inside the changing room when he gives a press conference on Saturday ahead of the clasico at Camp Nou.

Madrid is facing a second consecutive campaign without a major trophy amid rumors in the Spanish media that club president Florentino Pérez is considering bringing back Jose Mourinho to straighten out his underperforming team.