October 20, 2021
Technology

Juniper Research: Robocall Fraud to Cost Consumers $40 Billion Globally in 2022, as Standardised Mitigation Frameworks Become Priority

BASINGSTOKE, England–()–A new study from Juniper Research has found consumers will lose $40 billion to fraudulent robocalls globally in 2022; rising from $31 billion in 2021. Fraudulent robocalls pose threats to consumers by encouraging the disclosure of personal information that fraudsters can use for identity theft. In most robocall fraud cases, fraudsters impersonate a genuine brand or enterprise to gain the call recipient’s trust.

The new study, Robocall Mitigation: Emerging Strategies, Competitor Leaderboard & Market Forecasts 2021-2026, predicts emerging mitigation frameworks will combat fraudulent robocalls by creating an ecosystem in which brands and enterprises are verified before the call is placed. However, it noted that standardising services across all stakeholders, including mobile operators, brands and mobile operating system developers, will…

Read full article here: www.businesswire.com