Fraudulent Robocalls to Cost Mobile Subscribers $58B in 2023: Juniper
Mobile subscribers will lose $58 billion to fraudulent robocalls globally this year, up from $53 billion last year, said a Monday Juniper Research report. Higher losses will be due to the rise in various types of scam calls designed to…
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deceive end users -- such as unauthorized call forwarding or caller ID spoofing -- and to profit from them. Despite the development of robocall mitigation frameworks, such as Stir/Shaken in the U.S., fraudsters’ ability to innovate schemes will drive losses to $70 billion globally by 2027, the report said. There are various judicial and legislative efforts in the U.S. to curb robocalling. Last week, the 9th U.S. Circuit Court of Appeals dismissed Marketing Support Systems’ petition for review (see 2303160078) of an FCC order saying the company violated the Truth in Caller ID Act by engaging in a “large-scale” robocalling campaign. The appeals court said the district court had exclusive jurisdiction over the petition because owner Kenneth Moser sought to avoid enforcement of a forfeiture order. Meanwhile, Arizona Senate majority and minority caucuses supported an anti-robocalls bill last week on the unanimous consent agenda. The House unanimously passed bill HB-2498 last month, meant to fight automated calls and texts.