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Together We Can

Fight This Threat

Criminal scams are among the fastest growing crimes. Phone fraud is big business and can target anyone, not only the elderly. Phone scammers are highly professional and often part of organized crime networks. They are very good at what they do and everyone is vulnerable. 

How Scammers Work

 

Phone fraudsters use well prepared scripts and sophisticated techniques to build trust. Fraudsters can ‘spoof' phone numbers of banks or other organisations to trick their victim into believing the call is genuine.

 

Fraudsters may also have a lot of information about their victim and they understand how to use psychology to their advantage.

Phone fraud is their job.

Everyone Is At Risk

 

Phone fraudsters often target the elderly but now tech savvy millenials are some of the most at risk. Younger people caught by phone scams also tend to lose higher amounts.

 

People are ten times more likely to become a victim of fraud and computer misuse than by burglary or theft, with adults between 35-44yrs the most likely to be a victim.

How Big Is The Threat?

 

 

It is estimated that one in ten Americans lost money to a phone scam in 2018, losing $8.9Billion, an increase of 56% since 2015.

 

The UK Revenue Service has reported dealing with an average of 330 phone fraud repayment scams every day during the last six months of 2018, an increase of 360%.

UK Finance state that losses to Authorised Push Payment (APP) phone scams was £354M in 2018, an increase of around £50m on the previous year's figures.

Now you know about the threat landscape click the Solution button below to see how Keepel deals with the threat: