Pig Butchering Scams: How Banks Can Stop the Slaughter
- Date:March 27, 2024
- Author(s):
- Jennifer Pitt
- Report Details: 6 pages, 2 graphics
- Research Topic(s):
- Fraud Management
- Fraud & Security
- PAID CONTENT
Overview
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.
Learn More About This Report & Javelin
Related content
Password Fatigue: A Case for Multilayered Passwordless Authentication
Traditional password-centered authentication is becoming less secure as cyberattacks increase in sophistication and consumers grow tired of strong password requirements. Financial ...
The Promise of Digital IDs: Reduced Fraud and Efficient ID Proofing
The move toward digital forms of ID is accelerating around the United States, and a greater use of such identification methods promises to reduce fraud losses and increase security...
2024 Identity Fraud Study: Resolving the Shattered Identity Crisis
The Javelin Strategy & Research 2024 Identity Fraud Study provides a comprehensive analysis of fraud trends in the context of a changing technological and payments landscape. Its g...
Make informed decisions in a digital financial world