May 2, 2014 – The Week in Phone Fraud

This week in phone fraud news saw coverage around the revelation that the IRS Phone Scam we reported on in a previous blog post was far larger than originally reported, along with one Forbes reporter’s personal brush with a phone scam.

On Monday, Forbes reporter Tony Bradley published an article detailing his own close call with a phone fraudster earlier this year. Tony received a call from an individual apparently of foreign origin claiming to be an attorney in charge of litigation against him. The fraudster knew a great deal about Tony, including his address and social security number. The fraudster attempted a scam but Tony wasn’t fooled, and wrote this article as a cautionary tale.

On Thursday, Politico reported that the 2013 IRS Scam actually accounted for $2 million in taxpayer loses, a $1 million increase from the IRS’s previously reported figure. Politico also reported that the number of complaints from people who believe they’ve fallen victim to the scam has increased significantly beyond the 20,000 originally reported.

Full Breakdown of This Week’s Phone Fraud News

Politico: Largest tax-fraud phone scam still growing – May 1, 2014

AOL (UK): Fraud offences ‘up by 25%’ – May 1, 2014

Forbes: Don’t Fall Victim To This (Poorly Executed) Phone Scam – April 30, 2014

San Mateo Patch: Police warn of scammers posing as police– April 30, 2014

SF Examiner: San Mateo police warn public of phone call scams – April 28, 2014

WBTW News 13: ‘One ring’ cell phone scam hitting Carolinas – April 28, 2014