FBI warns seniors about billion-dollar scam draining retirement funds, expert says AI driving it

Pete Nicoletti, chief information security officer at Check Point, told Fox News Digital that an FBI-warned scam is now using AI to target seniors. A cybersecurity expert warns that a scam that has been used to drain entire life savings or retirement accounts has become "devastating" for seniors. FBI Los Angeles on July 15 posted a reminder on X about the Phantom Hacker Scam, which has cost Americans over 1 billion since at least 2024, according to the agency. The FBI said the scam targets senior citizens and warns that victims could lose their "life savings." The scam operates in three phases: a "tech support impostor," "financial institution impostor" and a "US government impostor." In the first phase, a tech support impostor will contact victims through text, phone call or email, then direct them to download a program allowing the scammer remote access to their computer.