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T-Mobile expects to identify or blocked 21 billion scam calls in 2021

Cybersecurity, Cyberattacks. 

T-Mobile expects to identify or blocked 21 billion scam calls in 2021

Despite the fact that global quarantine shutdowns looked to have had an impact on scammer operations in 2020, they have restarted this year. In January, T-Mobile identified 1.1 billion calls as potentially fraudulent. By November, the number of calls had climbed by a factor of more than two, reaching 2.5 billion calls.

Fraudulent call attempts amount over 425 million per week on average, representing an increase of 116 percent since 2020. Residents of Arizona, Texas, Florida, and Georgia are the most common targets of con artists and scammers.

To most people's surprise, the volume of calls drops by an average of 80 percent over the weekend and also drops over the holidays. As a result of how lucrative frauds can be, I'm surprised that call center operators don't have people on call around the clock, seven days a week.

The results of a recent Truecaller survey revealed that roughly 23% of Americans had their money stolen by phone scams within the previous 12 months. It was estimated that the average loss was $502, up from $351 in 2020, equal to a net loss of approximately $29.8 billion over the course of a year. This is in comparison to the fact that Americans collectively lost $19.7 billion to telephone scammers in 2009.

Is there a perfect approach for avoiding bogus phone calls and texts? If the phone number calling you is unfamiliar, do not pick up the phone. That is all there is to it.

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