Phone Scams Cost Billions, Real-Time Verification Solution
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Phone scams using fake caller IDs are draining billions from people worldwide, with losses topping forty-one billion eight hundred twenty million dollars in the latest report. Scammers sell easy-to-use kits online, fueling authorized push payment fraud and causing consumer losses way bigger than reported. Carriers report spoofing as their biggest worry, with seventy-six percent of customers saying it pushes people away from voice calls. Real-time verification checks can stop fakes before they ring, but full teamwork is needed to end spoofed fraud completely.
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