{"id":3612,"date":"2024-07-02T10:24:39","date_gmt":"2024-07-02T17:24:39","guid":{"rendered":"https:\/\/blogschapman.wpenginepowered.com\/information-systems\/2024\/07\/02\/beware-of-the-butchers-a-guide-to-the-latest-scams-and-how-to-protect-yourself\/"},"modified":"2024-07-02T10:24:39","modified_gmt":"2024-07-02T17:24:39","slug":"beware-of-the-butchers-a-guide-to-the-latest-scams-and-how-to-protect-yourself","status":"publish","type":"post","link":"https:\/\/blogs.chapman.edu\/information-systems\/2024\/07\/02\/beware-of-the-butchers-a-guide-to-the-latest-scams-and-how-to-protect-yourself\/","title":{"rendered":"Beware of the Butchers: A Guide to the Latest Scams and How to Protect Yourself"},"content":{"rendered":"<p><span data-contrast=\"none\">As we navigate this era of digital advancement, the sophistication and frequency of online scams are escalating, leading to significant financial setbacks and emotional distress. <\/span><span data-contrast=\"auto\">It&#8217;s crucial to equip yourself with the knowledge necessary to safeguard against these threats.<\/span><\/p>\n<p><span data-contrast=\"auto\">Two new high-profile scams currently in the spotlight are the &#8220;Pig Butchering&#8221; scam in Southeast Asia and the increasing prevalence of cryptocurrency scams globally.<\/span><\/p>\n<p><b><span data-contrast=\"auto\">The &#8220;Pig Butchering&#8221; Scam: A New Breed of Cybercrime<\/span><\/b><\/p>\n<ul>\n<li><span data-contrast=\"none\">Origin: The scam, known as &#8220;Sha Zhu Pan,&#8221; originated in China and has expanded across Southeast Asia, particularly Cambodia, Myanmar, and Laos.<\/span>\n<ul>\n<li><span data-contrast=\"auto\">This scam&#8217;s name symbolizes the practice of gradually luring the victims into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent scheme.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span data-contrast=\"none\">Common Tactics: Victims are initially contacted through social media or text messages, befriended, and then drawn into fake investment schemes, often involving cryptocurrency.<\/span><\/li>\n<li><span data-contrast=\"none\">The AI Twist: Scammers now utilize artificial intelligence, including real-time deepfake face-swapping systems, to create more convincing personas and expand their victim base.<\/span><\/li>\n<li><span data-contrast=\"none\">Estimated Losses: Globally, billions of dollars have been lost, with individual losses sometimes amounting to millions.<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Cryptocurrency Scams: The Invisible Heist<\/span><\/b><\/p>\n<ul>\n<li><span data-contrast=\"auto\">FBI Warning: The FBI has reported a spike in cryptocurrency investment schemes, urging the public to be cautious of unknown individuals offering investment opportunities.<\/span><\/li>\n<li><span data-contrast=\"auto\">Common Tactics: Scammers build relationships through online platforms and then pressure victims to invest in cryptocurrency, leading to significant financial losses.<\/span><\/li>\n<li><span data-contrast=\"auto\">Financial Impact: In just one year, Americans lost over $1 billion to cryptocurrency scams.<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">How to Stay Safe<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"none\">Always verify investment opportunities and the legitimacy of any vendor or charity before making payments.<\/span><\/li>\n<li><span data-contrast=\"none\">Guard your wallet&#8217;s private key and password, and be wary of unsolicited emails or messages.<\/span><\/li>\n<li><span data-contrast=\"none\">If you suspect any suspicious activity or scam, report it promptly to your financial institution and the <a href=\"https:\/\/www.ic3.gov\/\">FBI&#8217;s Internet Crime Complaint Center.<\/a><\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Scams like &#8220;Pig Butchering&#8221; and cryptocurrency fraud threaten your finances and trust in the digital world. You can protect yourself and your loved ones from these modern-day butchers by staying <\/span><span data-contrast=\"auto\">informed and vigilant. Please continue to report\u00a0any\u00a0suspicious or malicious message\u00a0by <\/span><span data-contrast=\"auto\">forwarding\u00a0it as an attachment to<\/span><span data-contrast=\"none\">\u00a0<\/span><a href=\"mailto:abuse@chapman.edu\"><span data-contrast=\"none\">abuse@chapman.edu<\/span><\/a><span data-contrast=\"none\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"none\">Stay vigilant and stay protected!<\/span><\/p>\n<p><span data-contrast=\"none\">Chapman University Information Systems and Technology (IS&amp;T)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we navigate this era of digital advancement, the sophistication and frequency of online scams are escalating, leading to significant [&hellip;]<\/p>\n","protected":false},"author":3283,"featured_media":3613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"custom_author_name":"","chapman_pin_hero_slider":"","footnotes":""},"categories":[35,23,26],"tags":[253,36,119],"class_list":["post-3612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information-security","category-ist","category-technology","tag-cybercrime","tag-infosec","tag-online-safety"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Information Systems &amp; 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