Authorities say this latest scheme is especially dangerous because it relies on advanced caller ID spoofing and social engineering to trick people into handing over sensitive information.

While scam calls are nothing new, this one is particularly deceptive. The FBI warns that many iPhone and Android users might not realize they’re being scammed until it’s too late.

The scam can be quite convincingGetty Images

Scammers have figured out how to fake caller ID numbers, making it seem like the call is coming from a legitimate organization.

Once they have your attention, they try to convince you to transfer money or install harmful software on your phone.

And once malware is installed on a device, it can be incredibly difficult to detect and remove.

Just like a recent warning about QR code scams—where scanning a seemingly harmless code can expose all your personal data—this phone scam can put your financial and personal security at risk.