Most people are familiar with telephone fraud through occasional local news highlighting a law enforcement warning or possibly the sad story of the victim about losing his life-saving.
The BeenVerified Phone Spam Complaint Monitor has attempted to analyze these calls nationally to identify the most common types of phone fraud and related tactics. The report analyzed more than 200,000 telephone complaints received directly from customers in the period from 2016 to the first half of 2016.
Based on this data, the five most important telephone fraud cases were identified, which should be known by 2019:
1. Social security fraud – This fraud has skyrocketed in 2019. Compared to the same period in 201
2. IRS / Tax Fraud – Reports on IRS tax fraud have declined significantly over the past year as fraud in social security has skyrocketed. It is unclear whether this is a permanent trend or just a temporary change in tactics. It is possible that we will witness a revival of this type of fraud, which in turn is based on impending calls from government imitators demanding immediate payment of (false) taxes as we approach the tax season in the New Year.
3. Credit Card Offers – Complaints about Robocalls offering unsolicited credit card offerings increased this year. Some of these calls may come from reputable companies, but they also provide fraudsters with cover for trying to retrieve sensitive personal financial information.
4. Claims Related to Receivables – Claims for debt consolidation remain a persistent problem. Many of these offerings promise a "quick fix" for the repair of loans, but in fact consist of practices that could affect your long-term creditworthiness.
5. Free Offers or Giveaways – While most telephone scam calls are based on fear tactics, appealing to greed can also be an effective way to sacrifice goals. Remember, if an offer seems too good to be true, it probably is!
Tips to Avoid the Most Important Telephone Fraud That Year:
- Understand that the Social Security Administration does not "suspend" your social security number for any reason. Any type of call or voicemail that you receive with an appropriate language is a scam.
- Be careful when threatening voicemails: Scammers increasingly rely on voicemails to guide their impersonation schemes Rely on a time pressure element (ask for payment now). Government agencies do not work this way and will communicate by mail if there is a problem.
Justin Lavelle is communications director for BeenVerified,