Europe’s Phone Networks Are Drowning in Fake Calls

Europe’s phone networks are drowning in fake calls

Caller ID spoofing has become one of Europe’s most persistent enablers of cyber fraud. A new position paper from Europol warns that manipulated phone identities now drive much of the continent’s financial and social engineering crime, making it difficult for law enforcement to track perpetrators. The agency estimates global losses at around EUR 850 million a year, with phone and text-based fraud accounting for roughly two thirds of reported scam…

Europe's phone networks are drowning in fake calls

Caller ID spoofing has become one of Europe’s most persistent enablers of cyber fraud. A new position paper from Europol warns that manipulated phone identities now drive much of the continent’s financial and social engineering crime, making it difficult for law enforcement to track perpetrators. The agency estimates global losses at around EUR 850 million a year, with phone and text-based fraud accounting for roughly two thirds of reported scam…