Robocall scams hit American consumers for a total of $150 million last year, but telecoms and federal regulators are doing more about them…
The war against robocalls is far from over. Last year alone, the number of robocalls hit an all-time high in 2019, totaling 58.5 billion. This figure represents a 22 percent increase from the year prior in 2018, and a whopping 92 percent increase compared to 2017. The problem is so bad, some people are even receiving robocalls from their own phone numbers. This, not to mention that Americans lost $150 million to robocall scams last year alone.
Robocall Scams Cost Americans $150 Million Last Year
But, telecoms and federal regulators are doing something about them. Not just the nuisance calls, but also, those which seek to commit fraud. Earlier this month, the Enforcement Bureau of the Federal Communications Commission tasked the Industry Traceback Group to lead the effort to identify operations involved in placing illegal automated calls.
The federal agency made this move due to the fact that although there are already several laws against such practices, the FCC can only penalize bad actors if they are accurately identified. So, this is where the new consortium comes into play.
The companies within the group have in recent years built tools and/or are developing and improving technology to identify the sources of illegal robocalls. Now, with the federal partnership and private industry cooperation, it will be easier to track down illegal robocall sources and punish them.