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An Anatomy of “Pig-butchering” Scams

Operational processes, key enablers, and the impact of artificial intelligence

Download our report to understand the ecosystem of this prominent interpersonal fraud and social engineering scam

So-called “pig-butchering” scams have evolved into highly complex and profitable operations. Intel 471’s latest intelligence report dissects the structure of these scams, showing how threat actors leverage artificial intelligence (AI) and the cyber underground to enhance their operations’ scale and effectiveness.

Read our report to gain visibility of the fraudsters’ methods, infrastructure, and tactics. Our actionable intelligence empowers your organization to anticipate emerging campaigns, enrich intelligence, and support proactive disruption. Inside the report: - Building trust to steal funds: See how the scammers employ social-engineering tactics to groom their victims before defrauding them.

  • Organized and profitable: Understand the operational process and structure of these scams.
  • Existing terminology: Explore the implications of the language used to discuss these interpersonal fraud scams.
  • Powered by the cyber underground: Uncover the many resources, services and tools that enable the fraudsters behind these scams to establish their infrastructure.
  • Using AI to their advantage: Learn how access to generative AI makes scams more convincing and lowers the barrier to entry.

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