Cyber fraud known as ‘pig butchering scam’ targetting youths, hosuwives, students: MHA report

Union Home Ministry in its latest report cautioned that a new cyber fraud known as “pig butchering scam” or “investment scam” has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily. The report said that cybercriminals have also been using Google services platforms to initiate these crimes.

“Google Advertisement platform provides a convenient facility for targeted advertisement from across the border. This scam, known as ‘Pig Butchering Scam’ or ‘Investment Scam’ is a global phenomenon and involves large-scale money laundering and even cyber slavery,” it said.