Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7242272902899732480
TIME: Welcome to the Golden Age of Scams: https://lnkd.in/eyJapf6w : “We are living in the golden age of scams. U.S. #consumers lost a record $10 billion to fraud in 2023, according to the Federal Trade Commission, a 14% increase over 2022. More than three-quarters of victims don’t report to authorities that they’ve been defrauded. We are constantly baited by #scammers—by #text, by #email, by #phone. The average #smartphone owner in the U.S. gets an estimated 42 #spam #texts and 28 spam calls per month…”
“#Technology #enables #scammers to reach more marks, robo-dialing many more numbers in a day or using AI to send carefully crafted emails and text messages. It’s also given rise to online marketplaces selling #hacker #services, #scam #scripts, and other #tools of #deception. #SocialMedia helps scammers find information about individuals and use it against them. And fraudsters have more of that information because of increasingly common #data #breaches, and can use it to trick us into thinking they’re someone they’re not.”
“Voice over internet protocol (VOIP) technology allows scammers anywhere to dial hundreds of thousands of phones in a day for free— “spray and pray” dialing. They can “spoof” phone numbers, making it look like they’re calling from a government number. And they know much more about who they’re calling than ever before.”
“Americans may not believe in the government or the media, but we want to believe in something—and sometimes that’s a stranger who says they can solve our problems, or love us, or give us our dream job, or take our money in exchange for a better life.”
“There were 3,205 reported data breaches impacting around 353 million people in 2023, according to the Identity Theft Resource Center. As a result, many of our Social Security numbers, addresses, phone numbers, or affinity-group memberships are available to resourceful scammers… This data often finds its way onto messaging apps like Telegram… For $500, you can purchase a live scamming class, 25,000 U.S. phone numbers, and instructions for sending spam links… Scam syndicates exist all over the world…”
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