Robocalls Are Tricking Targets Out Of Their Money
Newsy
Victims of robocalls range in age, but they're engineered differently depending on the targeted generation.
There's a preconceived notion that elderly Americans are uniquely susceptible to robocall scams, but younger Americans are more likely to be tricked out of their money through their phones.
Nearly half of American 20-somethings reported losing money to fraud in 2020, compared to only 20 percent of those 70 to 79, according to Federal Trade Commission data.
"The barrier to entry to pushing robocalls out and scams out is almost zero, and you can absolutely cast a wide net across the country from that perspective," Kush Parikh, president at Hiya, — a company that sells caller profile information to identify incoming calls and block suggested unwanted ones — said. "I don't think there's a bias or a specific target related to who's on the other side of the phone. It's really, 'Hey, where am I being successful?'"
