You can always check and stay clear of them. A scam profile identified through SMS & tag optionsĪll contacts identified as spam have profiles that are listed in the category within the app. These tags will give you more information on who’s on the other side of the line so you can choose whether or not to answer. To counter this issue, Truecaller lets users tag numbers with relevant categories such as finance, F&B and more. To put this into perspective, The Star reported that through Macau phone scams, Malaysians have lost a whopping RM287.3 million as of 2020. The Securities Commission Malaysia (SC) reported that they received over 2,000 complaints on financial scams between January and September. Saving your savingsīesides financial services, telemarketing and scam-related calls were also frequent based on Truecaller’s report. Marked contacts are labelled according to categories such as scammers, gambling, property agents, and more. The same number-identification feature spills over to SMS messages and WhatsApp texts as well. The profiles of a genuine number and a scam
If you find that annoying-because who doesn’t-Truecaller uses its wide database to either block or indicate on your screen a suspicious number when you receive a call. Truecaller’s caller ID screen / Image credit: TruecallerĮach Malaysian is likely to receive over three of these calls per month with shady individuals trying to get them to sign onto some sort of loan, insurance package, or investment opportunity. This isn’t surprising because with the pandemic stripping many Malaysians of their income and savings, Truecaller believes that these establishments aimed to capitalise on the people’s financial vulnerability. The most number of calls received by Malaysians this year come from financial service companies. Their 2021 report on spam and scams gives us an insight into how Malaysia has fared this year and how badly spam calls have affected us. Their app has over 300 million users worldwide and has detected and blocked 37.8 billion fraudulent calls in 2021 alone. Swedish caller ID developer Truecaller aims to help prevent this.
The ones that do however can lead to devastating effects like causing families to lose their savings. However, not all spam is designed to steal your money.
That means about 90% of the country’s population are prime targets for spam and scam calls. There are about 29 million Malaysians who own smartphones.
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