Whatspam Company: Unreported Scams Push Aussie Losses Into The Billions

AI-powered solution aims to protect Australians from the surging tide of phone and email scams.

SYDNEY--(BUSINESS WIRE)--The urgent need for protection against phone and email scams in Australia

Australians are losing far more to scams than official figures suggest. While the Australian Competition and Consumer Commission (ACCC) reported a record-breaking $3.1 billion lost to scams in 2023, experts warn that the actual figure could be up to ten times higher. With as many as 80–90% of scam incidents going unreported due to embarrassment or lack of awareness, the true cost to Australians may soar into the tens of billions.

"When you consider that only a fraction of scams are reported, the real impact on Australians is staggering,” says Arto Isokoski, founder of WhatSpam Company. "We're talking about losses that could exceed $30 billion annually.”

In response to this alarming trend, the new app WhatSpam has launched on Google Play and the Apple Store. Designed specifically for Australians, WhatSpam provides robust spam-blocking and scam-filtering protection for calls, texts, and emails, helping to safeguard privacy and financial security.

Privacy at the forefront

In an era of growing concern over data privacy, WhatSpam ensures that all personal data remains stored locally on the user's device. The app does not transfer phone data to external servers and doesn't require users to set it as their default call or SMS app, allowing for seamless integration without compromising privacy.

Proven success abroad

WhatSpam arrives in Australia following two years of rigorous testing and success in Finland, where it was originally known as Kilpi, "Shield." The app's effectiveness overseas has laid a strong foundation for its introduction to the Australian market, where the need for reliable spam and scam protection is more critical than ever.

A collective effort against fraud

As scams become more sophisticated and losses—both reported and unreported—continue to mount, tools like WhatSpam offer a tangible means of defence. While technology alone can't eliminate fraud, empowering individuals with advanced protective measures is a significant step towards reducing the impact of these crimes.

Australians interested in bolstering their defences against scams can find more information at WhatSpam's official website and download the app directly from Google Play or the Apple Store.

Links:

https://whatspam.com/

https://www.linkedin.com/company/whatspam/

Contacts

Media inquiries:
WhatSpam Company Ltd.
Arto Isokoski
Founder and Executive Chairman
press@whatspam.com

First published on Tue, Oct 29, 2024

Liked what you read? That’s only the tip of the tech iceberg!

Explore our vast collection of tech articles including introductory guides, product reviews, trends and more, stay up to date with the latest news, relish thought-provoking interviews and the hottest AI blogs, and tickle your funny bone with hilarious tech memes!

Plus, get access to branded insights from industry-leading global brands through informative white papers, engaging case studies, in-depth reports, enlightening videos and exciting events and webinars.

Dive into TechDogs' treasure trove today and Know Your World of technology like never before!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs' site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

phone scams email scams spam blocking scam filtering privacy data security WhatSpam Australia

Join The Discussion