The FBI is warning Americans about a sophisticated phantom hacker scam that has drained more than $1 billion from victims — many of them seniors — by tricking them into believing they are safeguarding their money from cybercriminals, The Hill reported.
The scheme, which has resurfaced in recent months, unfolds in three stages designed to convince unsuspecting victims to relinquish control of their finances. Unlike basic phishing emails or fraudulent calls, phantom hacker operations involve multiple impersonators, spoofed numbers, and official-looking documents to appear authentic.
According to the Justice Department, victims who believe they are protecting their assets often have their financial accounts wiped out.
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