Robo-Calling is a $10B business


Emailed on September 13th, 2019 in The Friday Forward

I'm one of those lucky folks who has been approved for ~$1.2M in credit limits (on average), is eligible for a one-time gift from the prince of Persia, and also being investigated by the FBI... according to the robo-call voicemail they left me.

Just another Friday, amirite? 

In 2018, Americans were hit with 26.3 billion robocalls — a whopping 46% increase compared to 2017, according to The Wall Street Journal. 44.6% of total calls are projected to be mobile scam calls this year.

So why is that?

"Last year, scammers raked in close to $10 billion, so they are inclined to keep dialing. Scammers will frequently illegally ‘spoof’ caller ID information for a trusted party like your bank or a number with the same area code to convince you to pick up the phone which gives them the opportunity to work their magic" said Charles D. Morgan, CEO of First Orion, an Arkansas-based telecommunications company.

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Sean Steigerwald