Report: Fraudulent Calls Up 29 Percent in 2012

On average, there were almost five fraudulent phone calls every minute earlier this year according to a report released today from security firm Pindrop Security. The Atlanta-based company found phone fraud was up 29 percent January to June this year from the last half of 2011 after it analyzed 1.3 million different instances as part of its 2012 State of Phone Fraud Report.

On average, there were almost five fraudulent phone calls every minute earlier this year according to a report released today from security firm Pindrop Security. The Atlanta-based company found phone fraud was up 29 percent January to June this year from the last half of 2011 after it analyzed 1.3 million different instances as part of its 2012 State of Phone Fraud Report.

According to the report, the firm quantifies each instance of phone fraud as a caller attempting to deceive a legitimate organization to obtain personal information.

While the report can be accessed in its entirety here (.PDF), the firm has also put together this infographic to help break down its research.

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