Pig Butchering: Lucrative business model for cyber gangs
Sophos has uncovered how Sha Zhu Pan scammers are now using a business model similar to “cybercrime-as-a-service” for their supposedly romance-oriented so-called pig-butchering scams. The fraudsters sell Sha-Zhu-Pan kits on the Dark Web all over the world and are expanding into new markets. Sophos describes these operations (also known as pig booking) in the article “Cryptocurrency Scams Metastasize into New Forms.” The new sets come from organized crime gangs in China and provide the technical components needed to implement a special pig-butchering program called “DeFi savings”. The criminals pose…