Robo Calls Are About To Get Even Worse

September 17, 2018

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Think you're getting a lot of scam calls now, just wait! Data released from a call protection company, First Orion, analyzed nearly 50 billion phone calls over the past 18 months and found spam calls have increased from 3.7% of total calls in 2017 to 29.2% in 2018 and predicts that number will hit 44.6% by early 2019, and it will keep rising until half of all calls are spam by the year’s end. Even more frustrating is by you not answering the call or letting it go to voicemail, it spurs the scammers to place even more calls while trying to get through. At eh heart of it is the tools to make spam calls is cheap and easy to make. The government is trying to develop technology to pinpoint where these calls are coming from so that they can shut them down, but we're months if not years away from that happening. So beyond resisting your phone number with the "Do Not Call" registry and using call blocking apps, there are other ways to protect yourself.  Understand the IRS, Social Security, DMV and power company are never going to call out of blue and immediately threaten you with legal action.  All legitimate claims usually start with a letter campaign of delinquency or billing problems.  If you have any doubt hang up and call the company back yourself. Also important to never say "yes" on a suspicious call. If the caller asks something like, “Are you the homeowner?” or “Can you hear me?” they are probably recording your response and by saying "yes" to use your own voice against you in authorizing charges on a bill or a stolen credit card. Check your bills, bank statements, credit cards and credit reports often and review for any unfamiliar charges. Call the billing company and dispute anything that you didn’t knowingly authorize. Demand proof if they claim you were recorded approving the charge. Most importantly, share this information with those most vulnerable to scammers, the elderly. Many scammers are using “neighborhood spoofing”, where the call looks like it is originating from your same area code and even your own number prefix.  This can be even more convincing. Explain to your loved ones them if they receive a call demanding money or personal information to hang up immediately and offer to assist them if they feel  the call is legitimate or if they may have accidently given personal information.

SOURCE: Moneyish

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