New technologies in the digital age have made phone scams easier. Liars constantly change new ways to steal your money or identity. A fraudulent tool that is readily available to scammers can trick your caller ID to display a real government or company number, or display it as a local number to increase your chances of answering.
Scammers are smart, and the phone is just another tool they use to do so. Fortunately, it’s a lot easier to spot scams when you know what to look out for, and that’s why we’ve identified these common phone scams. Common scam offers include free product trials, cash prizes, cheap travel packages, medical devices, preapproved loans, debt reduction, and low-risk, high-return investments.
The Federal Trade Commission reported that the median loss of the 2018 phone scam was $840, more than double the median loss of all types of fraud. But when news or law enforcement warns consumers, it tends to be too late.
After long-term struggles with scammers, we have found that sharing information about callers between people can help us better prevent phone fraud. So we built this sharing platform. You can share phone numbers that you think are suspicious with others. If the scam has already occurred, please file a complaint with the FTC.