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Pig butchering and the other peculiar cyber-scams on the rise

It sounds unpleasant, but so called ‘pig-butchering’ scams are on the rise.

Pointing to a computer screen. Image by Tim Sandle.
Pointing to a computer screen. Image by Tim Sandle.

The countdown to holiday period shopping is on. While sales are up, so are risks. Barclay’s estimate a 70 percent increase in scams the last year. Hence, consumers need to be even more vigilant with the deals they’re seeking out and the websites they are purchasing from.

To help Digital Journal  readers be more mindful as to the key risk factors, James Walker, CEO at Rightly, explains the main issues. This includes an uptick in recent ‘brushing scams’ and fake reviews, as well as further details around other types of scams to watch out for.

Walker sees this period of time as providing ample situations for “Fraudsters to take advantage of innocent consumers. There are multiple tactics scammers use to convince people to part with their money, particularly in the run-up to a day which promises huge savings. One scam in particular we’ve been seeing an increase in is the so-called brushing scam in the lead up to the festive season, which involves unsuspecting people receiving unsolicited deliveries.”

Expanding on the strange deliveries, Walker says: “If you receive an unexpected package, it may be a scam that online sellers use to falsely inflate ratings and post fake reviews, and may mean your personal data has been compromised. If you have received an unexpected package from a company such as Amazon and suspect it to be a brushing scam, contact customer support directly. They can tell you whether your real account has been compromised and will cancel the fake account. The same goes for other marketplaces like eBay.”

Expanding on this tactic, Walker explains: “Unfortunately, such scams have also led to significant increase in fake reviews on Amazon, with an estimated 61 percent of all reviews classified as fake as fraudulent sellers try to manipulate buyers into making a purchase. Always be cautious when buying online and do as much background research as possible on a company or product before buying anything.”

Among the most prevalent scams, Walker cites:

Social media scams

This is where scammers take over your social profile, gaining access to influence your friends and family. But this is only the start of taking over someone’s life, this can lead to the opening of bank accounts and creating fake identities in your name.

Burner businesses

This is when scammers buy a company for a reasonable amount and appear to trade, genuinely selling goods and services. They build up lots of sales, and then when the time is right, they move the money out and close down the business, leaving people out of pocket and either with fake goods or none at all.

Tickets to events

With the football World Cup taking place, it’s not too surprising to see that ticket scams are on the rise. Ticket selling scams happen when a scammer uses tickets as bait to steal your money. The scammer usually sells fake tickets, or you pay for a ticket, but never receive it. They are common when tickets for popular concerts, plays, and sporting events sell out. Additionally, scam artists purporting to represent musicians or bands have invited promoters to send offers for non-existent tour dates in a phishing email.

Pig butchering

It sounds unpleasant, but so called ‘pig-butchering’ scams are on the rise. These scams happen when someone seemingly friendly and open befriends you online and over time, through a series of conversations, persuades you to part with money. It’s often a little at first, suggesting you put some cash into a ‘too-good-to-be-true’ investment. Only, of course, the investment is a scam and fraudulent.

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Written By

Dr. Tim Sandle is Digital Journal's Editor-at-Large for science news. Tim specializes in science, technology, environmental, business, and health journalism. He is additionally a practising microbiologist; and an author. He is also interested in history, politics and current affairs.

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