The FBI is warning about a “Phantom Hacker” scam that has already stolen more than $1 billion, preying mostly on seniors. Scammers pose as bank representatives, claiming accounts have been hacked, then pressure victims to install software or grant remote access.
Once inside, criminals monitor accounts, identify large balances, and convince victims to transfer funds “for protection” — money that actually goes straight to the scammers.
Authorities say the scheme is spreading through phone calls, emails, and even fake government messages, making it highly convincing. The FBI urges the public to stay alert: never install software, share screen access, or move money at the request of someone who contacts you unexpectedly.
