Phantom Hacker Scam: What You Need to Know
The FBI has issued a nationwide warning about a fast-growing scam known as the Phantom Hacker, which is devastating seniors and draining life savings. This sophisticated scheme mimics tech support, banks, and even government agencies to build trust and manipulate victims into transferring their money.
The Impact
- Over $542 million lost in just the first half of 2023
- Nearly 50% of victims are over 60
- Losses already 40% higher than all of 2022
How the Scam Works — In 3 Deceptive Acts
1. Tech Support Impersonation
Victims receive a fake alert or call from “tech support.” Scammers gain remote access to the computer, pretend to find a virus, and ask victims to open financial accounts to “check for fraud.”
2. Fake Financial Institution
A second scammer poses as a bank or brokerage rep. They claim foreign hackers have accessed the victim’s accounts and urge them to transfer funds to a “safe” government account—often overseas.
3. Government Impersonation
A third scammer pretends to be from the Federal Reserve or another agency. They may send official-looking documents and pressure victims to move money to a new “alias” account for protection.
How to Stay Safe
- Never click on pop-ups or links from unknown sources
- Don’t call numbers from suspicious emails or texts
- Never download software or give remote access to strangers
- Remember: The U.S. Government will never ask for wire transfers, crypto, or gift cards