Remove Cryptocurrency Remove Cybercrime Remove Financial Services Remove Web Fraud
article thumbnail

Massive Losses Define Epidemic of ‘Pig Butchering’

Krebs on Security

“The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money,” the Federal Bureau of Investigation (FBI) warned in April 2022. Many of these platforms include extensive study materials and tutorials on cryptocurrency investing.

Scams 304