Scroll Top

How Phone Scams Tricked Americans Out of $40 Billion!

Fan­tas­tic video from CNBC YouTube chan­nel.  Accord­ing to CNBC report­ing, despite 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 not only old­er peo­ple who fall for such phone scams. Young peo­ple and men get tricked the most. “It’s very cheap to set up an auto­mat­ic dialer and to plug a bunch of phone num­bers into it, whether they’re ran­dom or they are very inten­tion­al by geog­ra­phy or by demo­graph­ic, and place mil­lions of phone calls in a very short peri­od of time,” said Clay­ton LiaBraat­en, senior exec­u­tive advi­sor at True­caller. “It’s a num­bers game.” Phone scams are on the rise. True­caller, which makes an app that blocks spam calls, esti­mates that near­ly 70 mil­lion Amer­i­cans have lost mon­ey to phone scams in 2022, and that those scam­mers made off with near­ly $40 bil­lion in total. Phone scams include frauds that begin with calls and text mes­sages. Watch the video above to learn more about why phone scams remain so preva­lent, how peo­ple are fight­ing back against them and how not to become a vic­tim.

Pro­duced by: Anuz Tha­pa Edit­ed by: Den­nis Dono­van Nar­rat­ed by: Jor­dan Smith Addi­tion­al cam­era: Chris­t­ian Nun­ley Graph­ics by: Jason Regi­na­to

You may also like

Page 1 of 2

Leave a comment

wpChatIcon
Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.