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.
The number of phone scams has been soaring in the recent years and scammers have been taking advantages of technology to perform endless phone frauds. As stated by the Federal Communications Commission, half of the calls made in the US in 2019 will be spam calls. Revenue lost due to phone frauds in US peaked $83M in the first quarter of 2019, more then 140K reports received in 4 months according to Federal Trade Commission (FTC). Phone scam is the most common type of frauds referring to FTC and the median of reported fraud loss is $1000.
Robocalls are the most notorious spam calls nowadays. We have little control for this particular type of phone fraud, as it is generated by computers that dial high volume of random phone numbers in a short period of time. But what about other types of spam calls, like Wangiri scam, IRS scam, telemarketing calls, sweepstakes calls……? Why do these scammers call you and where is the leak? There is always something we can do to lower the chances of receiving spam calls! Lets start with protecting our personal information on the internet!