The IRS scam is frustrating, but we would like to inform you about the tax scam season again. It is back, and the scammers are continuously trying new methods. In 2019 the total loss of tax preparers reported to FTC is amounted to $7.3M with a median loss of $518, and the top contact method by scammers is by phone. How do we protect ourselves from the scammers?
We hope you had a wonderful start of 2020! As it is almost February, tellows would like to inform you about the latest phone fraud. Smishing, which is also known as SMS scam, has been raising concern in the US, as many reported that scammers sent endless text messages to trick them. Therefore, tellows also added a new caller type for you to choose from when reporting a spam call – the SMS Spam.
Hello everyone! Today we would like to remind you about the gift card scam. The holiday season has just passed and there are more and more reports regarding gift card scams, which raise concern. Therefore tellows would like to provides some details about it.
As we heard a lot about robocalls in the US last year, measures were taken by the end of the year as President Trump has signed legislation giving authorities to the right to identify and block robocalls.
It has been a long time! tellows hopes you enjoyed the summer. This time we would like to present the latest statistics about phone scams from the past two months. As a reminder, a bill ‘TRACED ACT’ was passed in July and it aims to lower the number of robocalls. However, according to Forbes, robocalls are still prevailing and the number of robocalls in the second quarter this year was 38% higher than last year; the number of imposter phone scams was also 28% higher.
In these days we have to pay more attention to the victims of phone frauds, which includes the vulnerable seniors. Last week an elderly robocall victim committed suicide after phone scammers have stolen her life-savings.
It is already mid July! tellows hopes that you have a good start of the summer. In the last article, tellows shared information about the Bill of ‘Traced Act’ being passed in the Senate. Although we are now getting more and more help in preventing spam calls, caller ID and call blocking apps continue to be important!
In the US, half of the phone calls people received are considered to be spam calls. According to FTC, in 2019, 78% of frauds are conducted by phone and the total reported loss is 83M USD. Till July this year, there are already 143K reports of phone frauds. However, compared to last year with a total loss of phone frauds estimated to be 442M USD, we can already see that the measures adopted are helpful and it is promising that one day we will no longer have to deal with spam calls!
Robocalls have been bothering us a long time and it has recently been becoming more and more unbearable. Last year the number of robocalls reached 26 billion – a 46% increase comparing to the estimated robocalls in 2017. A bill regarding to nuisance calls is passed by the US Senate with 97 to 1 vote in the later of May. The bill, named TRACED (Telephone Robocall Abuse Criminal Enforcement and Deterrence) Act, will lift the fine to $10,000 per robocall and extend the statute of limitations on robocalls from two to three years.
According to CNN politics, Senate Minority Leader Chuck Schumer expressed that
“There’s very little more annoying to New Yorkers than being woken up in the dead of night by automated calls trying to scam them out of their hard-earned money,”
“The TRACED Act is just what we need to hang up on these nonstop robocalls, and the House should follow the Senate’s lead and pass it ASAP.”
Telecom companies are happy with the result. With this new regulation established, carriers will be able to implement robocall blocking technologies for customers automatically.
If you still remember, the US government is doing something to stop the skyrocketing robocalls, there are bills in Congress waiting to be voted next month. In the US, we receive billions of robocalls per month, and monthly money loss amount to 128M last year. Of course, it is promising if the bill passes in the summer, however, we should also pay attention to the latest information about phone scam in the mean time!