AI Voice Fraud Crisis

Hey private equity, your multi-million dollar wires are sitting ducks.

OpenAI's Sam Altman just dropped a truth bomb at the Federal Reserve conference — one that should terrify every Fund Administrator and PE firm still doing voice callbacks for identity verification.

Calling all Fund Administrators: it’s time to know who you’re paying.

The brutal truth? AI can now perfectly mimic any voice from just seconds of audio. Those "verification calls" you have to wade through to “protect” your $50M distribution? Any one of them could be a deepfake.

While you're spending precious time on the phone trying to verify a wire recipient's identity — creating friction, delays, and frustration for LPs — fraudsters are perfecting their voice cloning technology to make a killing.

Voice callbacks are no longer just painful and time-consuming. These labor-intensive security workarounds actually create fraud attack surface that's about to be exploited at scale.

Fund Administrators who don't pivot to automated identity authentication and continuous KYC/KYB monitoring aren't just behind the curve — they're at risk of becoming cautionary tales.

Say goodbye to the callbacks with 6lock.

Luckily, 6lock solves the fraud problem with a secure transaction space purpose-built to serve private equity. 

6lock works with all banks to support your goals, and speed you to secure money movement. Instant deployment, self-serve PII management, and bar-setting security gets you up and running fast while locking out fraud completely.

It’s time to rethink how we secure the billions flowing through private markets. For Fund Administrators, the question isn’t will your PE clients be targeted — we already know that PE transactions are targeted 300x more than other industries.

The real question is: Will you take action to secure money movement before you’re hit? 6lock closes that last mile loophole to protect you and your PE clients — and saves your team precious time in the process.

Altman is right: When it comes to fraud prevention, phone calls won’t cut it anymore. But you can solve it with 6lock. 

#PrivateEquity #FundAdministration #CyberSecurity #FinTech #VoiceFraud #WireTransfers