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.
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.
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!
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!
According to First Orion, also sited by Federal Communications Commission report,almost half of the calls received in the US will be a spam in 2019. According to a caller ID and blocking company in the US, it stated that there were 26.3 billion robocalls made in 2018. All these figures point to a skyrocketed trends of spam calls and especially for robocalls, that bothering almost half of the residents in the US. We have all received spam calls more or less before, but what are these Robocalls and how do they get so popular?