Meta provided insight this week into the company’s efforts in taking down more than 2 million accounts that were connected to pig butchering scams on their owned platforms, Facebook and Instagram.
Pig butchering scams are big business, with hundreds of millions of dollars involved every year. The numbers are not precise because some researchers see these scams as a special kind of romance scam, while others classify them as investment fraud, muddying the numbers based on which group is counting what type of loss. Still, the general idea is that scammers use elaborate storylines to fatten up victims into believing they are in a romantic or otherwise close personal relationship. Once the victim places enough trust in the scammer, they bring the victim into a cryptocurrency investment scheme.
Read more…
Source: Malwarebytes Labs
Related:
- Nichirei getting back online after cyberattack hit KFC supplies
July 16, 2026
Nichirei, the food distributor hit by a cyberattack that disrupted supplies to Kentucky Fried Chicken Japan and other outlets, said its systems are getting back online as it takes steps to remedy the disruption. The Tokyo-based provider of frozen food, ice and meat products said in a statement Thursday that it worked with an external cybersecurity specialist to ...
- GoSerpent: a persistent threat evolves with sophisticated data collection and exfiltration
July 16, 2026
In February 2026, Kaspersky discovered a set of malicious activities that had been ongoing since late 2025. These activities involved a RAT module written in Go with proxy capabilities, which served as the main stage of the attack. The attack targeted government and diplomatic entities in Southeast Asia and showed a level of sophistication that ...
- Coca-Cola suspended production at its Fairlife dairy after a ransomware attack
July 16, 2026
U.S. beverage maker Coca-Cola said one of its dairy subsidiaries was hacked and that it’s shutting down its operations for the foreseeable future. The multinational giant said in a disclosure with the U.S. Securities and Exchange Commission that its Fairlife dairy company was hit by ransomware and that its production systems are affected. The company said that ...
- Tech support scam caused massive data breach at Australian airline Qantas
July 16, 2026
Australia’s Privacy Commissioner has revealed a tech support scam was the cause of the massive 2025 data breach at Australian airline Qantas and found the carrier didn’t breach its privacy obligations despite leaking personally identifiable information for 5.7 million customers. The Commissioner reached that conclusion, and a decision not to open a formal privacy probe, in ...
- Hackers who gained access to heart of London transport network jailed
July 16, 2026
The data of millions of commuters was stolen, Londoners were left out of pocket and 27,000 Transport for London staff were forced to reset their passwords. Over four days in 2024 a pair of teenage hackers had London’s transport network at their mercy. The hackers had burrowed into the heart of Transport for London’s IT systems and held ...
- This fake Apple app can unlock your Mac’s password vault
July 15, 2026
CrashStealer is a new macOS infostealer that masquerades as Apple’s CrashReporter component, uses an Apple‑notarized installer to slip past Gatekeeper, tricks users into handing over their password, and then systematically loots browsers, password managers, crypto wallets, and Keychain secrets before exfiltrating them in AES‑encrypted bundles. Researchers have been following the development of CrashStealer since May 2026. It ...