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!
Screenshot from FTC report