A recent investigation unveiled a trend of fake trading apps on Google Play and the App Store designed to trick unsuspecting users out of their hard-earned money.
This article delves into the mechanics of these scams, highlighting the urgent need for vigilance among digital finance users. The term “pig-butchering scam” might sound peculiar, but its implications are far from benign.
Originating in Southeast Asia, this scam involves fattening the pig (the victim) by building a relationship and trust over time, only to slaughter it financially in the end.
India has witnessed a significant surge in such scams, with cybercriminals deploying sophisticated social engineering tactics to lure victims into their traps. Read More..