TULSA, Okla. — A sophisticated new scam is targeting seniors’ life savings with a variation of what the FBI calls the “phantom hacker” attack. That scheme has already stolen over $1 billion from older Americans.
It represents a dangerous evolution of traditional fraud tactics that combines multiple deceptive approaches to build trust before completely draining victims’ accounts.
“It’s kind of like a relay race for your life savings,” said Truman Kain, cybersecurity product researcher at Huntress.
The scam uses three different entities first to build trust, then take victims for every last dime they have…