Truecaller, a digital communication platform, has launched a new SMS Fraud Protection feature to protect individuals and businesses against all possible scams. This powerful update allows users to quickly spot and recognize fraudulent messages and senders before taking action. By relying on community-driven feedback to tackle spam SMS and using advanced AI technology to detect frauds, Truecaller’s Fraud Protection is an active effort that keeps users safe.
Truecaller is estimated to have over 100 million users who have received at least one fraudulent SMS over the past three months. Frauds come in various forms such as electricity bill payments, banks, jobs, KYC related, loans, charity, lottery and many other types. Fraud Protection is currently available to all android users.
In order to combat fraudulent messages, Truecaller shows a clearly marked red notification every time it identifies a fraudulent message or sender. The notification stays on the screen until it is manually dismissed. The system also adapts to automatically discover new forms of frauds. All processing happens locally on the device.
The company has partnered with the government and businesses to ensure safe and efficient communication. Legitimate senders are marked on Truecaller with a verified badge and prominent green colour. Truecaller also receives fraud reports from businesses and government agencies which helps them further improve fraud detection.
Truecaller has been in the industry for many years and has millions of active users and more than a billion downloads since launch. Headquartered in Stockholm, Truecaller is a co-founder led, entrepreneurial company with a highly experienced management team. The company has been listed on Nasdaq Stockholm since 2021.
Truecaller encourages its users to be aware of the latest frauds and spread the message among their friends and family. They can also report any fraudulent message within the app. This way they can actively contribute to protecting the community and themselves from any form of fraudulent activities.
