Pig Butchering Scams: How Banks Can Stop the Slaughter

Pig butchering scams are the latest scheme taking the world by storm, and no one is exempt from victimization. This complex long con—a mix between a romance scam and an investment scam—relies upon gaining trust to manipulate the victim into “investing” hard-earned money. Pig butchering scams often leave victims emotionally and financially drained and left out to slaughter by criminals. 

This Javelin Strategy & Research report underscores the important role banks can play in combatting pig butchering scams and further explores how failures in identifying these scams can be devastating to financial institutions and consumers alike.