Phone Fraud

Report on Fraud - Voice Has Become The Preferred Medium for Attack

Here is an interesting report on a variety of fraud issues. One thing that struck me is that voice has become the preferred channel for fraud. Voice SPAM, scams, vishing, social engineering into contact centers, etc. Voice used to be the most trusted communications medium, but now it has become the LEAST trusted. Public voice has a ton of issues - is it any wonder that users are moving to closed systems for voice and messaging???

FTC Fines Robocall/SCAM Company over $9,000,000

The FTC just fined and won a judgement against a group of companies who have been generating robocalls and voice SPAM, as part of a scam to defraud consumers. While a lot of the reason was due to the SCAM, it is also an additional indicator that the FTC is serious about dealing with the robocall issue. I would expect to see more fines and judgements, although there is no way it will stop the robocall issue. It might slow down "legitimate" and reachable companies, but not the hackers.