Despite precautions, Martha McCully’s Chase account was hacked, resulting in the loss of $50,000. The scam involved a phone call claiming to be from Chase, leading to wire transfers and the depletion of funds. Despite using an encrypted vault for passwords, McCully’s money was unrecoverable. Phone scams are increasingly sophisticated, with victims of all ages being targeted. Scammers use artificial intelligence to impersonate banks and trick victims into transferring money. The Better Business Bureau reports that 18-24-year-olds lost the most money to scams in 2022, underscoring the need for vigilance. Victims are left wondering why bank algorithms fail to detect fraudulent wire transfers.