Spoofing effects for dummy's
What is spoofing
Spoofing is a scam. Through spoofing, criminals pretend to be employees of an existing organization to create trust so that a victim cooperates. Spoofing is done via e-mail, telephone or, for example, via SMS.
The goal of the criminals is often to obtain personal information, steal money or spread malware.
Often a criminal, or criminal organization, falsifies information that the victim gets. For example, a telephone number or email address. In this way, the victim is tempted to trust the information.
The victim will be tempted via e-mail with a fake e-mail address of the sender. It looks like it comes from a bank, for example.
Over the phone or SMS, criminals use technology to spoof the phone number that the victim sees on his or her screen. They can imitate the number of the bank but also that of the victim.
What do we know in numbers
In the Netherlands CBS published figures for 2023 that indicate that 1 in 100 approached people, the potential victims of spoofing, fall for it. In total, about 107,000 people fell victim to spoofing in 2023. By far the largest number, 23,000 people, fell victim to bank spoofing and about 11,000 people to investment fraud. This is often linked to banks because it involves getting victims to invest in fraudulent or non-existent things through spoofing.
In 2023, the financial damage from bank spoofing in the Netherlands amounted to approximately 140 million euros. The spoofing damage from investment fraud amounted to 68 million euros.
What are the banks doing about it
Banks are active in preventing bank spoofing. For example, from now on you can check in your bank app at most banks, as soon as you receive a call, whether you are indeed being called by the bank. For example, ING has invested heavily in this and the damage is estimated to have decreased by 43% in 2024. But is this enough? It does not take into account the increasing effect that AI will have on spoofing.
What Trusted Voice does to prevent spoofing
Trusted Voice 's mission is to provide people with a safe way to call their bank, financial institutions, government, police, etc. Safe and secure immediately see whether the person you are calling is indeed reliable.
The person being called can decide immediately whether he or she wants to answer the phone or not. You don't have to switch or log in to your banking app and look for the control option.
If someone calls you via Trusted Voice, it can be trusted.
In this way, we want to achieve a further decrease than 43%. On to the 100%.
Trusted Voice can be used independently on your smartphone or embedded in the banking app, for example.
A Trusted Voice refers to a person or entity whose opinions and statements are valued and believed by a particular audience. This may be due to their perceived expertise, experience, or established credibility within a community or field. Trusted voices are often seen as reliable sources of information and advice.