According to US research for phone company TrueCaller, 59 million Americans lost money to phone scams last year. One in five admitted that they had been fooled more than once.
The average loss was approximately €420 per person.
The business to the fraudsters was worth approximately $30 billion.
In Australia people were defrauded of €538 million.
There are no figures available for such scams in Ireland.
The moral of the story is never ever give personal information to a cold caller. Never engage them in any conversation.
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