Tuesday, November 5, 2024

‘Pig butchering’ schemes found hiding as trading apps on Google Play, App Store

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Cybersecurity researchers have reported finding multiple mobile applications used in so-called ‘pig butchering’ schemes, lurking on the official Google and Apple repositories.

‘Pig butchering’ is a type of financial fraud in which the victims – called ‘pigs’ – are first “stuffed”, before being “slaughtered”. In other words, the victims get led on for weeks and months, and their wallets drained and drained, before the fraudsters finally pull the trigger and disappear with the money, completely.

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