Phone fraud

Robocall Resurgence: Spam calls increase by 10% in February 2021

Retrieved on: 
Tuesday, March 9, 2021
Spamming, Marketing, Fraud, Internet, Cyberspace, Phone fraud, Email spam, Spam

While it's still early in the year, RoboKiller predicts that spam calls could reach 70 billion by the end of 2021 and result in higher consumer losses to fraud.

Key Points: 
  • While it's still early in the year, RoboKiller predicts that spam calls could reach 70 billion by the end of 2021 and result in higher consumer losses to fraud.
  • As noted in the 2020 Insights Report , RoboKiller predicts spam texts will become more prevalent and have the potential to reach 90 billion by the end of the year.
  • Tips on how to stop phone scams:
    Don't answer phone calls from unknown phone numbers, especially those that call at odd hours.
  • Download a spam call and text blocker like RoboKiller to equip your phone with the latest phone-scam-fighting technology.

Scam Calls Becoming ‘The New Normal’ With 75% of Americans Surveyed Targeted in 2020 - According to Hiya’s New State of the Call Report

Retrieved on: 
Wednesday, February 10, 2021
Data management, Technology, Professional services, Security, Telecommunications, Software, Other Professional Services, Networks, Internet, VoIP, Mobile, Wireless, Spamming, Marketing, Fraud, Caller ID, Hiya, Email spam, Phone fraud, Spam

Nearly 40% of all respondents reported losing money to phone scams in 2020 - with an average of $182 per person.

Key Points: 
  • Nearly 40% of all respondents reported losing money to phone scams in 2020 - with an average of $182 per person.
  • Nearly half of the US consumers surveyed (44%) are regularly targeted by these spoof calls, with larger businesses typically spoofed more than SMEs.
  • According to Hiya, 94% of unidentified calls went unanswered in 2020, as 85% of survey respondents indicated they are concerned unidentified calls might be fraudulent.
  • Nearly half of all Americans surveyed (48%) want to see regulators address the issue of spam and fraud calls.

As Caller ID Spoofing and Illegal Robocalls Skyrocket Worldwide, New GSMA Working Group VINES Helps Service Providers Restore Consumer Trust in Caller ID

Retrieved on: 
Tuesday, June 16, 2020
Security, Other Consumer, Consumer, Technology, Telecommunications, Mobile, Wireless, Software, Telecommunications, Telephony, Telemarketing, Caller ID, Deception, Scams, Caller ID spoofing, Robocall, Iconectiv, Spoof, GSMA, Phone fraud

Service providers and their customers lose billions of dollars annually to fraudulent activity such as toll bypass and caller ID spoofing.

Key Points: 
  • Service providers and their customers lose billions of dollars annually to fraudulent activity such as toll bypass and caller ID spoofing.
  • A new GSMA Working Group chaired by iconectivValidating INtegrity of End-to-End Signaling (VINES)is developing solutions to prevent internetwork signaling fraud, which enables illegal robocalls, spoofing, toll bypass and consumer fraud.
  • The goal of the working group is to help service providers worldwide implement a set of specifications to mitigate fraud, as well as help restore customer trust in caller ID.
  • Illegal robocalling, caller ID spoofing and other fraud are enormous, expensive problems for service providers and their customers worldwide, said Richard Jacowleff, CEO, iconectiv.

Toll-Free Caller ID Information Helps HHS Get Critical Phone Calls Answered

Retrieved on: 
Monday, March 30, 2020
Telecommunications, Telephony, North American Numbering Plan, Somos, Inc., Phone fraud, TFN, Caller ID, Toll-free telephone number, Caller

TFN Identity is the trusted, centralized source for Toll-Free Caller ID information hosted by Somos, Inc., the administrator of the SMS/800 TFN Registry and authoritative source of Toll-Free data.

Key Points: 
  • TFN Identity is the trusted, centralized source for Toll-Free Caller ID information hosted by Somos, Inc., the administrator of the SMS/800 TFN Registry and authoritative source of Toll-Free data.
  • With the volume of phone scams and hoaxes that prey on virus-related fears rising, consumers have been increasingly hesitant to answer calls from unknown numbers including potentially lifesaving calls from HHS.
  • First, the Resp Org who manages the Toll-Free Number accessed TFN Identity and provided the Caller ID information to the system.
  • Thanks to the team's effort, within merely a few hours, the Caller ID information was propagated to over 86 million end users.

USA Digital Experiences Rapid Adoption of TDoS Prevention

Retrieved on: 
Wednesday, March 25, 2020
Cyberwarfare, Cybercrime, Denial-of-service attacks, Denial-of-service attack, Internet Relay Chat, Computer network security, Cyberspace, Information Age, Phone fraud, Computer security, Robocall, Cyberattack

OKLAHOMA CITY, March 25, 2020 /PRNewswire/ --USA Digital Communications, Inc. announced today that its Call SentinelSMTelephony Denial of Service (TDoS) attack system has seen rapid growth.

Key Points: 
  • OKLAHOMA CITY, March 25, 2020 /PRNewswire/ --USA Digital Communications, Inc. announced today that its Call SentinelSMTelephony Denial of Service (TDoS) attack system has seen rapid growth.
  • USA Digital has a family of comprehensive toll-fraud defense offerings.These include FraudProSM that protects against international toll fraud, a commitment to protecting customers' networks against robocalling, and Call Sentinel, an easy to use and cost-effective TDoS prevention method.
  • Similar to a Distributed Denial of Service (DDoS) attack against data networks, TDoS attackers aim to make a communication system unavailable by consuming telephony resources, preventing all incoming and/or outgoing calls.
  • Trusted for over 20 years, USA Digital fulfills data and voice communications needs including advanced routing, security, and disaster recovery services to commercial and wholesale businesses.

Six in 10 Canadians are more worried about fraud today than ever before

Retrieved on: 
Monday, March 2, 2020
Crime, Property crimes, Deception, Human behavior, Property law, Crimes, Fraud, Tort law, Phone fraud

According to the Index, the most commonly-reported scams nationally include fraudulent emails (45 per cent) and phone scams (44 per cent).

Key Points: 
  • According to the Index, the most commonly-reported scams nationally include fraudulent emails (45 per cent) and phone scams (44 per cent).
  • Text message fraud is most prevalent in Quebec (44 per cent) and least prevalent in Atlantic Canada (19 per cent).
  • Further demonstrating the need for increased fraud literacy, seven in 10 Canadians (71 per cent) agree they want to know more about protecting themselves from fraud.
  • Canadians should check directly with their financial institution for their specific process on how to report suspected fraud.

Oculeus Wins Cybersecurity Excellence Award for Third Consecutive Year in Category for Communications Fraud Protection Company Recognized for Protecting Enterprise Telephony Systems Against Telecoms Fraud With its AI-driven Oculeus-Protect Service

Retrieved on: 
Wednesday, February 26, 2020
Fraud, Phone fraud

Oculeus has won this award for the company's AI-driven Oculeus-Protect service for protecting enterprise telephony systems and communications networks against telecoms fraud.

Key Points: 
  • Oculeus has won this award for the company's AI-driven Oculeus-Protect service for protecting enterprise telephony systems and communications networks against telecoms fraud.
  • PBX hacking and toll fraud involve cybercriminals injecting expensive telecommunications traffic, often to remote destinations, into the telephony systems of enterprises.
  • The technology behind the Oculeus-Protect service leverages anomaly detection and AI techniques to monitor the signaling of voice-based communications on enterprise PBX systems.
  • The Cybersecurity Excellence Awards is an annual competition honoring companies and individuals that demonstrate excellence, innovation and leadership in cybersecurity.

Vonage and Neustar Partner to Implement Call Authentication Solution

Retrieved on: 
Tuesday, December 17, 2019
Telecommunications, Telephony, Neologisms, Robocall, Fraud, Vonage, Phone fraud, Telemarketing, Caller ID, Spamming, Neustar, Caller ID spoofing

Vonage shares its customers' concerns about illegal robocalls, and is committed to providing innovative solutions to protect them from occurring.

Key Points: 
  • Vonage shares its customers' concerns about illegal robocalls, and is committed to providing innovative solutions to protect them from occurring.
  • Vonage has long provided a Spam Shield solution that checks incoming calls against a dynamic database of numbers associated with telemarketing, robocalls and scams.
  • By incorporating the Neustar Certified Caller solution for automated caller identity validation, Vonage will now be able to detect and flag spoofed calls in real-time to protect subscribers from phone scams and support trusted customer communications.
  • "We are pleased to be partnering with Vonage to implement the latest SHAKEN/STIR call authentication standards and support positive, secure and trusted communications for their subscribers."

Oculeus' Breakthrough Approach for Protecting Against PBX Hacking and Toll Fraud is Featured in New Analyst Report on Telecoms Fraud

Retrieved on: 
Thursday, May 30, 2019
Fraud, Phone fraud, PBX

In its analyst report titled Telecoms Fraud & Business Assurance Solutions, Services & Strategies 2019, TRI estimates that PBX fraud and specifically the injection of fraudulent telecoms traffic through PBX systems causes approximately $8 billion a year in financial damage to enterprises alone.

Key Points: 
  • In its analyst report titled Telecoms Fraud & Business Assurance Solutions, Services & Strategies 2019, TRI estimates that PBX fraud and specifically the injection of fraudulent telecoms traffic through PBX systems causes approximately $8 billion a year in financial damage to enterprises alone.
  • Oculeus-Protect is a real-time, Cloud-based telecoms fraud protection service that directly protects enterprise PBX systems and voice telephony networks from the risks of hacking and toll fraud.
  • "In TRI's opinion, Oculeus-Protect delivers a breakthrough that could have a lasting impact on curtailing PBX fraud across the board," said Dan Baker, Research Director at TRI.
  • In recent years, TRI has authored major reports on fraud management, revenue assurance and telecom analytics/big data solutions.

Oculeus Wins Another Cybersecurity Award for Protecting Enterprises Against PBX Hacking and Toll Fraud

Retrieved on: 
Thursday, March 21, 2019
Prevention, Crime prevention, Cryptography, Information governance, National security, Security engineering, Security, Cyberwarfare, Computer security, Phone fraud, Information security

Oculeus has received this award recognition in the category for the Most Innovative Telecoms Fraud Protection for its Oculeus-Protect service for preventing PBX hacking and toll fraud on enterprise communications networks and telephony systems.

Key Points: 
  • Oculeus has received this award recognition in the category for the Most Innovative Telecoms Fraud Protection for its Oculeus-Protect service for preventing PBX hacking and toll fraud on enterprise communications networks and telephony systems.
  • The InfoSec Awards honors cybersecurity innovation in unique products and services with compelling value propositions and is judged by a panel of certified enterprise cybersecurity professionals.
  • Oculeus-Protect is a real-time, Cloud-based telecoms fraud protection service that directly protects enterprise PBX systems and voice telephony networks from the risks of hacking and toll fraud.
  • The service is completely independent of an enterprise's telecommunications service provider and its telecoms fraud prevention efforts.