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Confidence, confusion, cashout: How pig butchering is blindsiding victims
Published 3 years, 2 months ago
Description
Threat actors are disarming their victims with a new approach: The long game. Instead of asking for money or gift cards upfront, they build a connection and confidence until they cash in on the big payout. In this episode of Discarded, Selena Larson and Crista Giering are joined by Proofpoint team members: Tim Kromphardt, Email Fraud Researcher, and Genina Po, Threat Analyst, to discuss socially engineered attacks and how victims are tricked.
Join us as we discuss:
Keep up with the latest tales from the threat research trenches by subscribing to DISCARDED in Apple Podcasts, Spotify, or wherever you get podcasts. Thanks for listening!
Join us as we discuss:
- Understanding what pig butchering is
- How the scam blindsides victims
- The evolution of the fraud from China to other countries in Asia
- https://www.rappler.com/business/chinese-mafia-trafficking-filipinos-lure-lonely-professionals-cryptocurrency-scam/
- https://finance.yahoo.com/news/chinese-mafia-forcing-filipinos-crypto-034555327.html
- https://www.youtube.com/watch?v=720qUBQZJZ0
- https://www.proofpoint.com/us/blog/threat-insight/broken-dreams-and-piggy-banks-pig-butchering-crypto-fraud-growing-online
- https://www.vice.com/en/article/n7zb5d/pig-butchering-scam-cambodia-trafficking
Keep up with the latest tales from the threat research trenches by subscribing to DISCARDED in Apple Podcasts, Spotify, or wherever you get podcasts. Thanks for listening!