New York AG Warns Seniors of Financial Scam Using Calls, Texts and Emails
New York Attorney General Letitia James (D) warned older residents Wednesday of a three-part scam targeting individuals' bank and retirement accounts. James said the scam, known as "Phantom Hacker," is targeting individuals by either call, text or email, claiming their…
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account was hacked. The campaign is in three steps, James noted: First, a victim receives a call, text or email instructing them to contact a customer service phone number. Then, a new caller claiming to be the individual's financial institution contacts them. Finally, another scammer may impersonate a government agency to "lend legitimacy to the prior two phases," said a news release. More than $1 billion has been stolen since 2024 from individuals "nearing or over their retirement age."