第一种
var phone = '12332112345'
phone = phone.substr(0, 3) + '****' + phone.substr(7);
console.log(phone); //123****2345
第二种
var phone = '12332112345'
phone = phone.replace(/(\d{3})\d{4}(\d{4})/, '$1****$2');
console.log(phone); //123****2345