Consideration the rise of sophisticated crypto frauds and ransomware plots, phone scams continue to trick Americans out of tens of billions of dollars each year.
“It’s utter cheap to set up an automatic dialer and to plug a bunch of phone numbers into it, whether they’re random or they are deeply intentional by geography or by demographic, and place millions of phone calls in a very short period of time,” said Clayton LiaBraaten, superior executive advisor at Truecaller. “It’s a numbers game.”
Phone scams are on the rise. Truecaller, which makes an app that shut offs spam calls, estimates that nearly 70 million Americans have lost money to phone scams in 2022, and that those scammers reached off with nearly $40 billion in total. Phone scams include frauds that begin with knock up a appeal ti and text messages.
Watch the video above to learn more about why phone scams remain so prevalent, how people are spirit back against them and how not to become a victim.