In recent years, the number of frauds has increased in which the attackers contact the victim in spam. Gradually, they will build a relationship with her just to deceive it later. People should therefore be skeptical about such reports. This was reported by ESET, saying that this fraud is called Pig Butchering.
“It has a very concise name because it is related to how farmers feed pigs before defeat to get as much meat as possible. In our digital perception they are this meat, you guess right, money,“said the company, saying that The aim of fraudsters is to build confidence in a random person within a few weeks or months, Often under the pretext of romantic interest.
Builds on proven tactics of other types of fraud, such as fraudulent romances. “The difference is that they enrich them with an investment narrative. Everything simply wraps everything in a nice prospect of getting rich, for example from cryptominations,” the company explained.
The online discussion eventually turns into investment opportunities and usually cryptomains that a fraudster claims to have earned huge money on them. Subsequently, the victim invites to try it, which often complies, maybe led by fear that he will lose another great opportunity.
The company added that when the victim put money on the account, fraudsters initially allow it to make selections. However, they then block the account and claim that they need a percentage of its balance to restore access. Even after paying fraudsters do not return money and invent new reasons, Why the victim should send even more funds.
The company therefore recommends watching for unsolicited messages and not talking about its financial situation with strangers online. The warning signal is also if the URL of the investment platform does not match the official side of the popular crypto market, but it is very similar to it.
