How can you avoid falling victim to "pig-butchering" scams?

Imagine somebody spending months gaining your trust, only to eventually trick you into handing over your life savings. Well that’s the basic principle behind a scam commonly called “pig-butchering”.  The name refers to gradually “fattening up” a victim’s confidence before taking as much money as possible. Law enforcement organisations prefer the term romance-baiting investment fraud, which is less potentially demeaning to victims. How do these scams work then? Why might it look to a victim as though they’re making money? When does the “butchering” part happen? How can I protect myself then? In under 3 minutes, we answer your questions! To listen to the last episodes, you can click here : How do sim swapping scams work? Could you be at danger from quishing scams? How do sim swapping scams work? A Bababam Originals podcast. A podcast written and realised by Joseph Chance. Learn more about your ad choices. Visit megaphone.fm/adchoices