Phone scams target businesses, and use Google, loan, and credit card schemes to drive consumer fraud campaigns, according to Atlanta-based Pindrop Labs' analysis of some 100,000 calls from 2016's first half.

Pindrop also found that 30,000 of the total calls studied were robocalls. While it is unclear what percentage of robocalls is fraudulent, Pindrop Labs revealed the top 40-scam campaigns account for more than 50% of robocalls.

The Pindrop Labs Top Consumer Phone Scamsutilized data collected to understand the types of scams conducted, the frequency and timing of their occurrence, and the methods and motives of the perpetrators behind these attacks.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).