Three-stage scam combines fake virus alerts, bank impersonation, and government threats.

Interpol has issued a global alert about a sophisticated "Phantom Hacker" scam that has stolen over $500 million from elderly victims worldwide. The scam operates in three stages: First, victims receive fake virus warnings prompting them to call "tech support." Second, fake bank representatives claim the victim's accounts are compromised and must be moved to "safe" government accounts. Third, fake government officials threaten arrest if victims don't comply or tell anyone. The psychological manipulation is so effective that victims have lost their entire life savings, with individual losses exceeding $1 million. Warning signs include: unsolicited calls about computer problems, pressure to act immediately, requests for remote computer access, and instructions to keep the situation secret from family members.