A qualitative analysis of pig-butchering scams
4 hours ago
- #social-engineering
- #cybersecurity
- #fraud
- Pig-butchering scams combine romance, investment fraud, and social engineering to exploit victims.
- First qualitative analysis based on interviews with 26 victims.
- Scam lifecycle includes staged trust-building, fraudulent financial platforms, and fabricated returns.
- Perpetrators use emotional manipulation and high-pressure tactics to maximize victim losses.
- Victims experience psychological and financial impacts, including vulnerability to secondary scams.
- Proposes intervention points for social media and financial platforms to reduce scam prevalence.
- Advocates for non-stigmatizing terminology to encourage victim reporting and assistance.