Robocallers are targeting young people because they can easily gain a lot of information through their social media profiles.
In this new technology era, everyone is working to improve themselves. No matter if it’s the car, pharmaceutical, or weapons industry. How will robocallers escape being noticed? The people who make robocalls are known as robocallers.
It is a call that uses auto-dialling software to reach millions of individuals daily with pre-recorded messages. Most of those are done in order to commit fraud.
After demanding money from victims, robocallers are now strengthening their services. They have mastered their expertise. These individuals have created a company for themselves. These groups are now targeting cryptocurrency consumers in the wake of FTX’s collapse.
However, countless numbers of automated calls and texts are being sent in an effort to obtain sensitive data and money.
United States Robocall Data
US residents received more than 28 billion robocalls in 2022, according to YouMail’s monthly robocall data. The data shows that US citizens are being exposed to poorly structured robocalls at an increasing rate, most of which are dismissed by recipients because of security and privacy concerns.
Only the first half of the year is represented by this data. By the end of the year, it will be huge. One of the most frequent sources of robocalling activity was toll-free numbers. In the US, robocaller typically targets young people.
An upsurge in robocalls is observed by Truecaller
When the market started to become volatile earlier in 2022, Truecaller also noted a spike in fraudulent calls regarding Bitcoin and other cryptocurrencies, according to LiaBraaten.
Agents who are ultimately attempting to steal money send out a million automated robocalls and SMS. He said it represents an attempt to gain from people’s fear, curiosity, and occasionally kindness.
According to Truecaller, impostor scams typically involve a scam artist portraying a help desk or another similar institution from a big cryptocurrency exchange or business.
The CEO of truecaller suggested avoiding interactions with anyone who calls or texts and seeks personal information or passwords and sticking to official channels, regardless of one’s ability to detect a scam.
CEO Changpeng expresses worry on robocallers
Earlier in February, Changpeng “CZ” Zhao, CEO of Binance, issued a warning regarding a “massive” SMS phishing scam targeted at Binance users. Generally, robocallers are responsible for these frauds.
By sending them a text message with a link to cancel withdrawals, users were tricked into visiting a fake website and having their login information collected.