Google sues crypto investment app makers over alleged massive “pig butchering” scam

Two China-based Android app developers are being sued by Google for an alleged scam targeting 100,000 users worldwide through fake cryptocurrency and other investment apps.

Read more in my article on the Hot for Security blog. Continue reading Google sues crypto investment app makers over alleged massive “pig butchering” scam

AI-Powered Scams, Human Trafficking Fuel Global Cybercrime Surge: INTERPOL

By Waqas
New INTERPOL Financial Fraud assessment reveals how cybercrime is being fueled by the abuse of AI and other technologies.
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Smashing Security podcast #358: Hong Kong hijinks, pig butchers, and poor ransomware gangs

Is this the real life? Is this just fantasy? A company in Hong Kong suffers a sophisticated deepfake duping, be one your guard from pig butchers as Valentine’s Day approaches, and spare a moment to feel sorry for poor ransomware gangs.

All this and … Continue reading Smashing Security podcast #358: Hong Kong hijinks, pig butchers, and poor ransomware gangs

Gang charged with running $80 million “pig butchering” cryptocurrency investment scam

US authorities have charged four people for their alleged roles in a fraudulent cryptocurrency investment scheme that saw targets approached via dating sites and social media, and cost victims more than $80 million.

Read more in my article on the Ho… Continue reading Gang charged with running $80 million “pig butchering” cryptocurrency investment scam

This Bay Area prosecutor wants to help police nationwide take on ‘pig butchering’ scams

Santa Clara County Deputy District Attorney Erin West’s “Operation Shamrock” isn’t relying on luck to take down the worst criminals.

The post This Bay Area prosecutor wants to help police nationwide take on ‘pig butchering’ scams appeared first on CyberScoop.

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‘Pig butchering’ scams on the rise, luring victims with promises of relationships and riches

These types of scams that seek to dupe unsuspecting targets can leave victims financially and emotionally devastated.

The post ‘Pig butchering’ scams on the rise, luring victims with promises of relationships and riches appeared first on CyberScoop.

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Massive Losses Define Epidemic of ‘Pig Butchering’

U.S. state and federal investigators are being inundated with reports from people who’ve lost hundreds of thousands or millions of dollars in connection with a complex investment scam known as “pig butchering,” wherein people are lured by flirtatious strangers online into investing in cryptocurrency trading platforms that eventually seize any funds when victims try to cash out. Continue reading Massive Losses Define Epidemic of ‘Pig Butchering’