In this latest episode of the Darknet Summary, we deal with matters of the heart - online romance scams (also referred to as online dating scams and pig butchering scams), which are fast becoming one of the biggest schemes in the world! When it comes to falling head over heels for someone, all too often, all reasoned thinking might go out the window. Most scammers know this and will use numerous techniques to reel in victims and then use their emotions against them to make money.
Online romance scams - it's not just about fraud, but raw emotion!
As we try to set emotions aside, from our own fraud intelligence point of view, we’re more interested in the methods scammers use to perpetrate their acts. Very often (but not always), this involves the help of darknet forums and marketplaces. Scammers will share their knowledge, tips and tricks (including social engineering attacks), and will even direct fellow scammers to purchase the right tools to commit online romance scams.
Listen to Nethone’s Intelligence Specialist Michał Barbaś explain how online romance scams work and how to spot them.
Nethone.com is a fintech company that fights online transaction fraud using its proprietary software solution. In order to keep clients safe, we keep track of what’s happening in the darknet, the sometimes-murky underbelly of the web, where fraudsters exchange the tools and knowledge to plan their criminal activities. That’s why we’ve created this podcast, to share with you what our experts have found during their investigations! This and all our findings are available on our fraud prevention blog and Darknet Summary fraud podcast.