Cyber-Forensics.net
Cyber Forensic Specialist
Pig-butchering refers to fattening up a target before it is slaughtered. It’s a highly sophisticated variant of romance scam that uses emotional manipulation.
— Timothy Benson
SOFIA, BULGARIA, March 17, 2022 /EINPresswire.com/ — While the world tackled pandemic, vaccine mandates, and related issues, scammers spread a wave of financial fraud across nations.
No less harmful than the deadly virus, the money-swindlers deployed a new approach called “pig-butchering” to cheat people of their money, affecting thousands of individuals globally.
According to Canadian Anti-Fraud, “nearly US$100 million and US$14 billion were reported to be stolen from victims in 2020 and 2021 respectively- all lending to pig-butchering scams.”
Another organization Cyber-Forensics.net, a cyber forensics service for online scam victims, also investigated the rising cases and revealed the following information:
How Do Pig Butchering Scams Work?
“Pig-butchering is a highly sophisticated form of romance scams where scammers work in organized crime gangs. They pose as attractive professionals or entrepreneurs- target love finders- and steal their money.”
Scammers rely on initiating a relationship…
