Tag: scam economy
2 articles
AI-Enhanced Phone Farms Enable Low-Cost Fraud at Scale
Meet the phone farm kit, a game-changing tool that lets scammers run hundreds of conversations at once, making it ridiculously easy to commit low-cost fraud at scale. With just a subscription and a prompt, romance scams can now be executed on a massive scale, no longer limited by human labor.
Cybercrime Shifts to Caller-as-a-Service Model
US elderly citizens alone lost a staggering $3.4B in 2023 to phone-based scams, highlighting the alarming rise of a highly organized and profitable fraud economy. This Caller-as-a-Service model has made it easier for scammers to specialize and scale their operations, putting even more people at risk.