With the number of online scams increasing day by day, mobile users are expected to lose a massive 58 billion dollars to fraudulent scam calls globally this year, according to a new report. 

The loss due to fraudulent robocalls is a rise from 53 billion dollars that mobile subscribers faced last year, according to Juniper Research.

These losses will be driven by the increase in multifarious scam calls to deceive end users, such as unauthorised call forwarding or caller ID spoofing, with the end goal of financial gain.