What is 'pig butchering', a phenomenon that you can also fall victim to
2024-12-02 19:54:36
TiranaPost
If you've ever formed a relationship of trust with someone online who forced you to invest in a fraudulent scheme, you may have been a victim of "pig butchering."
Pig butchering is at the heart of a booming industry worth tens of billions of euros in losses, stemming mostly from "fraud compounds" emerging in Asia but targeting thousands, according to an October report by the United Nations Office on Drugs and Crime. people around the world.
Once the "pig" - the victim of the fraud - is "caught" through building trust, the fraudster begins to steal from the victim's bank account.
Social media giant Meta said in a post earlier this month that it has taken down over two million accounts linked to these fraud centers in Myanmar, Laos, Cambodia, the United Arab Emirates (UAE) and the Philippines.
