Savi’s app aims to protect consumers from realistic AI scams like kidnappers demanding ransom
Summary
Tech entrepreneurs Patrick and Ryan Coughlin have launched Savi Security, a startup offering an AI-powered app to protect consumers from increasingly sophisticated scams. The company, which recently raised $7 million in funding, provides real-time monitoring of texts, emails, and phone calls. A standout feature is the app's ability to act as a live listener during phone conversations to identify potential fraud. Inspired by a distressing AI-generated kidnapping scam targeting their own mother, the founders developed the service to counter the low barrier to entry for cybercriminals using generative AI. The platform covers entire families for a flat subscription fee, aiming to serve as a modern security layer against the rising tide of imposter fraud.
(Source:TechCrunch)