Scams

Online financial fraud has evolved into a sophisticated industry, and one of the most alarming new threats is known as pig butchering. This is not a niche cybercrime — it is a global, highly organised yet decentralised, and rapidly growing scam that preys on victims through social engineering and deception, and takes place entirely online. The scam will successfully target and exploit victims, often the elderly or emotionally vulnerable, and friends and family members will be entirely unaware until after the scammer has finished their work. ...

Scam Me If You Can by Frank Abagnale offers insights into modern scams and the mind of con-artists, making it a must-read for risk professionals seeking to better understand fraud prevention strategies. Related pages Identity theft How to protect yourself from identity theft How to recover from identity theft

A Pig butchering scam (殺豬盤) (Yale: saat jyū pùhn, Pinyin: shā zhū pán) is a type of financial fraud in which scammers build long-term relationships with victims to gain their trust - fatten them up - before finally defrauding them of assets and money - butchering them. This scam gained global notoriety during the COVID-19 pandemic as criminals exploited the increased time people spent online. Scammers used social media, dating apps and messaging platforms to groom victims, or fatten them up, taking advantage of the internet’s borderless nature to operate across jurisdictions - making resolution of these crimes complex. ...