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Truecaller: 27 Million Americans Got Scammed Last Year

Truecaller: 27 Million Americans Got Scammed Last Year

04-2017

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By: Oana Schneider

Truecaller: 27 Million Americans Got Scammed Last Year

Your BBB® has learned that Truecaller announced last week a few very important findings from their 2016 annual study regarding the impact of phone scams in the United States. According to this study, over 10% of the population lost money to a phone scam in 2016 (11%). This is a 53% increase in the number of scams compared to 2015. As a result, 27 million Americans lost approximately $7.4 billion to scams, averaging $274 per individual. “For as much progress as we’ve made in areas of fraud detection and caller ID, phone scams and spam on our mobile devices continue to increase at an astonishing rate,” Tom Hsieh, VP of Growth and Partnerships at

As a result, 27 million Americans lost approximately $7.4 billion to scams, averaging $274 per individual. “For as much progress as we’ve made in areas of fraud detection and caller ID, phone scams and spam on our mobile devices continue to increase at an astonishing rate,” Tom Hsieh, VP of Growth and Partnerships at Truecaller.

The study also reveals a shift from landline scam calls to smartphone scams. According to the same study, men appear to be twice more likely to get scammed than women (15% as opposed to 8%), while millennials between the ages of 18 and 34 are the most vulnerable when it comes to losing money to a phone scam.

9 out of 10 of those victimized say they’ve reported the scam to their local authorities or changed their phone number. You can read the entire report here.

To avoid scams, subscribe to our newsletter or check bbb.org/Scamtracker/evansville.

For more information you can trust, visit bbb.org/Evansville!

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Oana

Oana Schneider is our Director of Media Services. She writes consumer and business oriented articles and is in charge of our community outreach program.