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'Misdial Trap' Phone Scam Hits Financial Services
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vnewman2
vnewman2,
 User Rank: Strategist
11/19/2014 | 1:44:50 AM
Cyber squatting but for phones
So it's telesquatting then. It's pretty clever actually. This is the first time I'm hearing of it. So what is the solution? Unlike websites you can't as easily monitor or pull the plug on a phone number before a boatload of damage has been done.
StudiousMonkey
StudiousMonkey,
 User Rank: Apprentice
11/19/2014 | 2:58:53 PM
Clever
Various phone scammers and prank callers have used this technique for years.

Check out the "Touchtone Terrorists". This guy (Pete Dzoghi) made a living telesquatting many of the major courrier services like UPS and FedEx, as well as other organizations and companies. He would pose as various disgruntled customer service agents to ultimately get a huge rise out of the unsuspecting customer who had dialed the wrong number. He recorded these calls and sold them through retail channels.

Although the end result and goal are not the same, the concept has been around for years.


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