The FBI has issued a dire warning about a dangerous hacker scam that has already cost Americans over $1 billion, according to the agency.
The scam, dubbed the “Phantom Hacker” attack, preys on vulnerable citizens, particularly seniors, by tricking them into installing software on their devices.
The ruse begins with a phone call or message claiming a hacker has compromised a victim’s bank account. The caller urges immediate action to protect funds.
Victims are instructed to download software to scan their computer or phone, allegedly to stop the hacker. But the software actually gives scammers access to the device.
“The concept is simple,” the FBI explained. “Scammers impersonate bank reps to convince victims that hackers have infiltrated their financial account. Victims are urged to move their money fast to protect their assets. In reality, there was never a hacker, and the money that was wired is now fully controlled by the scammer.”
Once the software is installed, scammers can watch victims’ banking activity in real time.
They identify the most lucrative accounts and instruct the victims to transfer money under the guise of safety, per Forbes.
“The scammer requests the victim open their financial accounts to determine whether there have