515 | Cyber Security Update: Social Engineering & Pig Butchering

In this episode: social engineering, pig butchering, cryptocurrency risks, scammer tactics, and avoiding being a victim.

This week Brad speaks with cyber security expert Tom who will be giving some updates on the landscape of cybersecurity, what targeted scams look like, as well as some actionable steps you can take to avoid these scams. Though it may seem that cybersecurity attacks are ever-evolving and may be harder and harder to avoid, there are ways to make yourself less vulnerable to attacks. Making sure you’re having open conversations about this topic with your friends, and especially your older family members is crucial and can make sure you avoid falling for these scams! 

The rise of social engineering scams and how they manipulate victims “Pig Butchering” scams: how scammers build trust, then steal your money How cryptocurrency is used in scams and the risks involved Recognizing investment scams and protecting yourself from fraud The emotional and psychological tactics scammers use to isolate victims The role of AI and fake profiles in advanced scams Actionable steps to avoid becoming a victim The importance of spreading awareness to protect your family and friends Reporting scams and what to do if you’ve been a victim

00:00 – Introduction and Overview of Cybersecurity Threats 02:00 – What is Pig Butchering and How it Works 04:00 – Investment Scams and Social Engineering Explained 06:00 – How Scammers Build Relationships and Gain Trust 08:00 – Examples of Scams: Dating Apps, Fake Profiles, and Social Media 12:00 – Cryptocurrency in Scams: What to Watch Out For 16:00 – The Role of AI and Deepfakes in Cyber Scams 18:00 – Personal Stories: Victims Who Lost Everything 22:00 – Action Steps: How to Protect Yourself and Loved Ones 27:00 – How to Report Scams and Recover Funds 29:00 – Recognizing Scams in Everyday Life: Red Flags and Signals 34:00 – Final Thoughts and Preventative Tips

Securing Your Financial Life | ChooseFI Ep 397 Internet Crime Complaint Center (IC3)

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