Robocalls are spiking as fraudsters prey on Covid-19 fears

Personal finance

DTP | Getty Images

Add robocalls to scammers’ methods of capitalizing on the coronavirus crisis.

As Americans adjust to life in the midst of a global pandemic, roughly a quarter of individuals say they’ve experienced an increase in robocalls and about 20% have received a call or text regarding the illness, according to a survey from Provision Living, a retirement community company.

The survey of 4,000 people comes as fraud related to the coronavirus takes a toll on consumers, with Americans losing more than $13.4 million to such scams so far this year, according to the Federal Trade Commission. 

Articles You May Like

Bob Iger, Joshua Kushner buy Los Angeles Lakers at a $12.5 billion valuation, source says
Consumers turn to buy now, pay later for essential expenses — with growing risks
New federal rules could end mortgage escrow interest for some homeowners. States are suing to block them
Inheriting a home can leave siblings with financial headaches — how to avoid costly mistakes
Synchrony, credit card issuer to Amazon and Walmart, partners with OpenAI for ChatGPT shopping

Leave a Reply

Your email address will not be published. Required fields are marked *