Scam callers are now using stolen personal information to tailor calls to specific consumers, posing as trusted companies to swindle money, according to a new report that analyzed 40 billion calls made this year.

Criminals are leveraging the massive data breaches that have rocked major companies by using the exposed customer information to target consumers directly, according to First Orion, an Arkansas call-management company. In addition, fraudsters are "spoofing" the companies' main outbound calling numbers to make the scam calls even more convincing.

MCT