With rampant phising calls preying on the vulnerable during the ongoing period of uncertainty, arguably the world's largest phone community, has increased its security provisions and 'technological interventions' to detect spammers and financial fraudsters in real time, said its top official.For a fast growing marklike India, the Stockholm based technology company has also launched its payments product, a fortnight back joining global rivals and other home grown lenders.' We have seen a decline in telemarketing and sales calls and the simple reason is people are not working in the call centres. Its changing as work from home becomes popular and prevalent But what we have seen is an increase in scam calls,' said, CEO and co-founder, TrueCaller during a recent webinar organised by the Sweden-India Business Council (SIBC).' People who are claiming to be someone else from the bank etc. In times like these people are worried bout their financial situation.

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You say what happened with Yes Bank in India. And then you have these bad actors who try to use the situation,' he added while responding to specific ET queries.

India is the biggest market for TrueCaller, that became profitable as on October 2019, with 120 million daily active users (DAUs). Truecaller, allows users to search for phone numbers and block spam calls. It is particularly popular in Asia where it can be difficult to identify nuisance callers.As per the company, 8.5 billion spam SMS got identified and blocked in 2019 alone while 29.7 billion spam calls were blocked in the same calendar year.Explaining further, Mamedi, said, his company has been 'finetuning our algorithms' and analyzed the data users report 'to figure out in real time if a call is being made by a scammer or is genuine one.

These scammers need to be clever in order to survive. But we are trying to be five steps ahead.'

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