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FBI Alerts Public to $542M 'Phantom Hacker' Scam

10/2/2025

24 6

Summary

Story summary

The FBI warns of the 'phantom hacker' scam, which stole $542 million in 2023.
The scam runs in three phases: fake tech support, bank impersonation, and pressure to wire funds.
In Singapore, 15 people face charges totaling S$8.8 million; police warn against sharing bank details.
The Tech Transparency Project found 63 scam advertisers on Facebook/Instagram spending $49 million targeting seniors.

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Story summary

The FBI warns of the 'phantom hacker' scam, which stole $542 million in 2023.
The scam runs in three phases: fake tech support, bank impersonation, and pressure to wire funds.
In Singapore, 15 people face charges totaling S$8.8 million; police warn against sharing bank details.
The Tech Transparency Project found 63 scam advertisers on Facebook/Instagram spending $49 million targeting seniors.