AI will be a challenge, but robocalls and texts steal money every day. What you need to know to avoid fraud

You’ve seen countless stories about how AI is taking over the world. I’m concerned about generative AI, but I’m more concerned about less sophisticated technologies.

Rob0-calls and texts are killing unsuspecting people every day. According to the Robokiller report, this year Americans lost $14 billion to bots and $34 billion to robocalls, and scammers are focused on refining their money-stealing tactics. Their report predicts that by the end of the year, Americans are expected to lose more than $90 billion to phone scams.

These calls are messages that range from fake winnings to travel deals. They are mostly fraudulent ways to get your financial information.

The sheer volume of bot calls and texts is staggering: between January and June this year, 78 billion text bots and 31 billion robocalls were reported, according to Robokiller’s estimates, an 18 percent increase over the same period last year, respectively.

How do you know if a call or text is a scam? Generally, you will not recognize the number. Even if it’s an area code, if the recognized number isn’t in your phonebook, let it go to voicemail. You do not have to receive every call. If it is someone you know, their number will be identified with their name and often their photo.

Update your contact list regularly with people and contacts you know. I always enter scam numbers in my contact list with IDs like Spamm.

Every week I get dozens of fake calls, emails and texts. Here are some red flags:

  • Voicemail is a dead giveaway. Nine times out of ten, it’s a robotic recorded message you don’t want to hear.
  • Sometimes scammers will text to ask you to click on a link. This is always a red light for me. Do not click on the link!
  • The same warning applies to emailed links. Often they advertise a fake prize or delivery using fake email addresses. Ignore them. Even if it’s the greatest gift imaginable, you don’t get anything for nothing.

Here’s what the US Federal Trade Commission recommends:

You can easily watch out for common phone scams like government impersonation scams. If someone calls you and asks you to hand over your personal information or pay money with a gift card, it’s a scam. It’s always the immediate flare-up that you’re aiming for.

The only thing I’m sure of is that AI is leading the way in treacherous terrain. That’s why you should ignore most of the junk sent to your phone, email account, and email. These days, thieves don’t have to go to banks to steal money. All they need is internet access and the Robo-Dialer software.

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Image Source : www.forbes.com

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