Mobile users to get scammed a whopping $58 Billion by fraud calls globally this year: Report

10:40:00 AM, Tuesday 21st of March 2023 | in miscellaneous

Mobile users are expected to lose a massive $58 billion to fraudulent scam calls globally this year, a report showed on Monday. The loss due to fraudulent robocalls is a rise from $53 billion mobile subscribers faced last year, according to Juniper Research. These losses will be driven by the increase in multifarious scam calls to deceive end users, such as unauthorised call forwarding or caller ID spoofing, with the end goal of financial gain.