Top 10 Phone Scams of 2014

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Free Cruise

Free cruise scams account for 7.5 percent of all phone scams.

In this scam, victims are told they have won a free cruise. This offer can come over the phone, text message, in the mail, or some combination of the three. Fraudsters use high-pressure sales tactics to get victims to give them their credit card information to pay for "tax" or other add-on charges. USA Today reports that in 2011, the Better Business Bureau fielded over 1,300 complaints regarding free cruise scams.

Despite data breaches like the Sony hack dominating headlines, phone fraud is still a common way that criminals are lifting personal data from consumers. Each year, thousands of consumers and businesses lose money to scams conducted over the telephone. These scams can cost victims anything from a few dollars to their life savings. Attackers use a variety of social engineering and manipulation techniques to extort money and personal information from consumers over the phone.

Pindrop Security collected and analyzed consumer phone scam complaints during the first nine months of 2014 to understand the types of scams being conducted, their frequency and timing, and the methods and motives of phone fraudsters. This information provides a unique view into the risk facing consumers.

Pindrop Security expects that the trend of online and retail data breaches will only increase the amount of information available for phone scammers to use against victims, and that the number of phone scam complaints will continue to rise.

This slideshow features the top 10 phone scams of 2014, as identified by Pindrop Security. 


Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

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