‘Phantom payments’ are the first warning sign you’re being targeted by scammers

If you’ve ever noticed a tiny, unexplained charge on your bank statement — maybe just a few cents — it might not be a harmless glitch. Those “phantom payments” could be a warning sign that a scammer is testing your account. Once they confirm the account is active, larger fraudulent charges often follow. As the busy holiday shopping season approaches, it’s more important than ever to be aware of your account activity and on the lookout for suspicious transactions. Let’s take a closer look at how phantom pa ...