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Truecaller Strengthens Household Security With Family Protection

Swedish communications firm Truecaller has introduced an innovative scam-protection tool that marks a significant evolution from its traditional caller ID service. The newly launched Family Protection feature addresses the increasing complexity of fraud schemes that now target entire households.

Enhanced Multi-User Security

Family Protection enables up to five individuals to join a dedicated family group, with one member designated as the administrator responsible for managing scam-prevention settings. The pilot program is currently available for Android and iOS users in Sweden, Chile, Malaysia, and Kenya. This approach empowers the more digitally savvy family member to safeguard the household by monitoring and controlling scam alerts, thereby easing the burden on less tech-confident relatives.

Robust Functionality in Action

On Android devices, administrators gain access to real-time alerts during suspected scam calls, basic device diagnostics such as battery levels, and the ability to remotely terminate calls identified as fraudulent. This strategic enhancement comes at a time when global scam attempts have surged, particularly in markets with burgeoning first-time smartphone users and among older demographics vulnerable to digital deception.

Tracking a Global Surge in Fraud

The prevalence of scam calls has escalated worldwide, with countries like India reporting a spike in impersonation and multi-step fraud attempts. Truecaller, which boasts a user base exceeding 450 million worldwide, analyzes approximately 63 million scam attempts per day and benefits from a community that contributes to one of the largest databases of phone-based fraud activity. The continuous tracking of these trends underscores the company’s commitment to evolving its defense mechanisms in line with shifting fraud methodologies.

Adapting to a Competitive Landscape

As Truecaller expands its functionality beyond basic caller identification, it faces new challenges—most notably, emerging competitors in key markets such as India. Recent trials of a Caller Name Presentation system by the Indian government exemplify the regulatory and competitive dynamics that require innovative solutions. In response, Truecaller continues to broaden its service portfolio, with plans to roll out the Family Protection feature to additional regions, including India, in early 2026.

Innovative Leadership in Digital Safety

Truecaller CEO Rishit Jhunjhunwala remarked that the initiative is a direct response to the evolving threat landscape. “With Family Protection, one person’s vigilance now strengthens safety for up to five family members,” he explained, emphasizing the company’s objective to extend robust protection seamlessly across households. For users who opt for the Premium Family plan, the benefit extends to an ad-free experience and enhanced spam defense, including the automatic rejection of high-risk calls.

This strategic pivot not only reinforces Truecaller’s market position as a leader in caller identification but also highlights its adaptive approach to digital security in an era marked by sophisticated fraud. With a blend of technology and user empowerment, Truecaller is setting new standards for household security in the digital age.

Cyprus Income Distribution 2024: An In-Depth Breakdown of Economic Classes

New findings from the Cyprus Statistical Service offer a comprehensive analysis of the nation’s income stratification in 2024. The report, titled Population By Income Class, provides critical insights into the proportions of the population that fall within the middle, upper, and lower income brackets, as well as those at risk of poverty.

Income Distribution Overview

The data for 2024 show that 64.6% of the population falls within the middle income class – a modest increase from 63% in 2011. However, it is noteworthy that the range for this class begins at a comparatively low threshold of €15,501. Meanwhile, 27.8% of the population continues to reside in the lower income bracket (a figure largely unchanged from 27.7% in 2011), with nearly 14.6% of these individuals identified as at risk of poverty. The upper income class accounted for 7.6% of the population, a slight decline from 9.1% in 2011.

Income Brackets And Their Thresholds

According to the report, the median equivalent disposable national income reached €20,666 in 2024. The upper limit of the lower income class was established at €15,500, and the threshold for poverty risk was set at €12,400. The middle income category spans from €15,501 to €41,332, while any household earning over €41,333 is classified in the upper income class. The median equivalents for each group were reported at €12,271 for the lower, €23,517 for the middle, and €51,316 for the upper income classes.

Methodological Insights And Comparative Findings

Employing the methodology recommended by the Organisation for Economic Co-operation and Development (OECD), the report defines the middle income class as households earning between 75% and 200% of the national median income. In contrast, incomes exceeding 200% of the median classify households as upper income, while those earning below 75% fall into the lower income category.

Detailed Findings Across Income Segments

  • Upper Income Class: Comprising 73,055 individuals (7.6% of the population), this group had a median equivalent disposable income of €51,136. Notably, the share of individuals in this category has contracted since 2011.
  • Upper Middle Income Segment: This subgroup includes 112,694 people (11.7% of the population) with a median income of €34,961. Combined with the upper income class, they represent 185,749 individuals.
  • Middle Income Group: Encompassing 30.3% of the population (approximately 294,624 individuals), this segment reports a median disposable income of €24,975.
  • Lower Middle And Lower Income Classes: The lower middle income category includes 22.2% of the population (211,768 individuals) with a median income of €17,800, while the lower income class accounts for 27.8% (267,557 individuals) with a median income of €12,271.

Payment Behaviors And Economic Implications

The report also examines how income levels influence repayment behavior for primary residence loans or rental payments. Historically, households in the lower income class have experienced the greatest delays. In 2024, 27.0% of those in the lower income bracket were late on payments—a significant improvement from 34.6% in 2011. For the middle income class, late payments were observed in 9.9% of cases, down from 21.4% in 2011. Among the upper income class, only 3% experienced delays, compared to 9.9% previously.

This detailed analysis underscores shifts in income distribution and repayment behavior across Cyprus, reflecting broader economic trends that are critical for policymakers and investors to consider as they navigate the evolving financial landscape.

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Aretilaw firm
eCredo
The Future Forbes Realty Global Properties

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