technology

KYC remains popular scamming method in India. Know more about spams

KYC remains popular scamming method in India. Know more about spams

As per the Global Spam Report 2021, India has moved up in rankings from 9th to 4th position owing to a significant increase in sales and telemarketing calls. This year, all categories of sales-related calls make up a vast majority (93.5%) of all incoming spam calls. Over 202 million spam calls were made by just one spammer in India this year. That’s over 6,64,000 calls every day and 27,000 calls every hour of every day. Another interesting insight from the report is that one of the most common scams in the country remains the ever-popular KYC (know your customer) scam where fraudsters pretend to be a bank, wallet or digital payment service, asking for user KYC documents as mandated by the Reserve Bank of India. Truecaller has launched its fifth edition of the annual Global Spam Report - a detailed, global study on how spam and scam affects all of us.  The report, like the previous years, lists the Top 20 Countries Affected by Spam Calls in 2021. With the people navigating through the ongoing pandemic and countries going into a second round of lockdown, this year’s report has shown that not only has the pandemic affected communication behavior but also spam patterns around the world. This year, Truecaller has been able to help our 300 million users around the world block and identify 37.8 billion spam calls. Part of the report closely examines the critical trends in spam and scam over the past year, highlights some important numbers, the current landscape and what one can expect in 2022. Download.

technology 2021-12-18 Livemint