Problem

With every passing day, seniors are becoming major victims to fraudulent phone calls, as a 2023 AARP study reports that 100,000 Americans over 60 lose an annual $28.3 billion.

As warned by the Federal Trade Commission, an increasing number of these scams use newly developed AI technology, where the scammers vocally impersonate the loved ones of their victims, manipulating their victims into impulsively giving them large amounts of money.

Even movie directors are waking up to this issue of phone call scams with AI voice impersonations impacting seniors, as seen in the newly released movie, Thelma, where a 93-year-old grandmother loses $10,000 to the issue.

Our Solution

But never fear, we have a solution for seniors to push these scammers away from one’s vaults and to keep one’s valuables safe: ScamVaxx.

ScamVaxx works by transcribing phone calls in real-time and then using AI to analyze the phone call's transcription to determine whether the phone call is a scam or not.

If the AI determines the call is inconclusive, it will generate questions for the client to ask the caller. This lets the AI gather more data about whether the phone call is a scam or not and allow it to make more accurate, better-informed conclusions.