We all know somebody who's been affected by an online scam - from romance and investment to more elaborate impersonation schemes. Scams like this are immensely lucrative, and usually run from South East Asia. But recently, pig butchering has expanded from coordinated scamming to an industry of its own.

Enterprising criminals have built SaaS scam turnkey solutions. Others created online marketplaces dedicated to supporting scams - one stop shops for buying social media accounts, pictures, SIM cards, and ready-made scam sites. Some groups even offer registered corporations with valid business licenses. This ecosystem has supercharged the raging billion-dollar scam epidemic, empowering anyone to become a scammer.

We call this Pig Butchering as a Service (PbaaS), and reveal in this paper the unique techniques and products offered on the fraud markets

https://www.infoblox.com/blog/threat-intelligence/scaling-the-fraud-economy-pig-butchering-as-a-service/

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