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As digital platforms and online transactions are grow, the internet presents both opportunities and risks for its users. Cyber fraudsters are constantly adapting their tactics to exploit vulnerable users on social platforms like WhatsApp, Facebook, and Instagram. It is therefore essential that digital users stay informed about the latest scams and take steps to protect their financials and personal information.
The "Pig Butchering Scam" is a growing cybercrime targeting vulnerable users, especially unemployed youths, housewives, students, and those financially struggling. It is a form of online fraud that has been gaining traction in India, with cybercriminals using platforms like WhatsApp, Facebook, Instagram, and Telegram, along with Google's advertising services, to deceive victims.
Ref: https://economictimes.indiatimes.com/news/india/govt-raises-red-flag-over-pig-butchering-scam-heres-what-home-ministry-just-found/articleshow/116883676.cms
Ref:https://www.news18.com/business/savings-and-investments/pig-butchering-romance-scam-dating-fraud-crypto-9178168.html