Robocallers Win Even if You Don't Answer
Robocallers Win Even if You Don't Answer
Published on June 06, 2018 at 07:00AM
Sarah Krouse, reporting for WSJ: Caller ID is feeding one of the very problems it was developed to stop: junk calls. Illegitimate robocallers, or outfits that flood American landlines with marketing calls, use the decades-old identification system to make money, even when no one picks up. While scammers' biggest paydays come from tricking victims into handing over credit card or bank account information, many robocallers make incremental cash along the way, thanks to little-known databases that try to identify who is calling. Each time a caller's name is displayed, phone companies pay small fees -- typically fractions of pennies -- to databases that store such records. Some of these fees are handed back to the caller. With millions of automated calls a day, the amounts can add up. "It's slow nickels, not fast dimes" for scammers, but it helps offset the costs of making the calls, said Aaron Woolfson, president of TelSwitch, a company that licenses out telecommunications-billing software.
Hope you like this please comment your view and share to your friends thanks for visiting bye guys meet you in next post
Published on June 06, 2018 at 07:00AM
Sarah Krouse, reporting for WSJ: Caller ID is feeding one of the very problems it was developed to stop: junk calls. Illegitimate robocallers, or outfits that flood American landlines with marketing calls, use the decades-old identification system to make money, even when no one picks up. While scammers' biggest paydays come from tricking victims into handing over credit card or bank account information, many robocallers make incremental cash along the way, thanks to little-known databases that try to identify who is calling. Each time a caller's name is displayed, phone companies pay small fees -- typically fractions of pennies -- to databases that store such records. Some of these fees are handed back to the caller. With millions of automated calls a day, the amounts can add up. "It's slow nickels, not fast dimes" for scammers, but it helps offset the costs of making the calls, said Aaron Woolfson, president of TelSwitch, a company that licenses out telecommunications-billing software.
Read more of this story at Slashdot.
Hope you like this please comment your view and share to your friends thanks for visiting bye guys meet you in next post
Robocallers Win Even if You Don't Answer
![Robocallers Win Even if You Don't Answer]()
Reviewed by Kartik
on
June 06, 2018
Rating:
No comments: