Top enterprise concerns raised by so called 'romance' or 'pig butchering scams'

During 'romance week' and Valentine's Day, your heart can be stolen in the blink of an eye, and so can your money. The FBI has warned of 'romance' scams, centering the bulletin around the celebration of love, which demonstrates that it’s not just a box of chocolates that’s seducing people, it’s scammers and cyber criminals. Staggering new data from the FTC shows that last year, nearly 70,000 people reported a romance scam, and reported losses hit $1.3 billion. The median reported loss was $4,400. Romance scams are a variation of what’s called 'pig butchering,' a type of social engineering attack… [Continue Reading]