Online dating is becoming increasingly popular and is one of the most popular ways to meet a potential partner, whether it is a casual date or even a committed relationship. Unfortunately, criminals also target online dating services to commit identity theft and financial fraud.
Digital fraud such as romance scams generate millions of dollars for criminals, and they all start with a whiff of social engineering. The purpose is to trick a victim into doing something unfavorable, such as making a poor investment. Today, a new variation of these schemes, known as pig butchering, is unfortunately on the rise.