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“Pig slaughtering” is a crime where perpetrators prey on people by forming relationships with them online and then bilking them out of their savings.
While many victims are vulnerable, lonely, and/or elderly, everyone is susceptible to this crime due to fraudsters’ sophisticated use of data and social engineering, says Giles Witherspoon-Boyd, lead auditor and lead implementor at Protocol.
He caught up with Credit Union Magazine Deputy Editor Bill Merrick Thursday at the 2023 CUNA Cybersecurity Conference with NASCUS. Witherspoon-Boyd explains security leaders’ role in thwarting this crime, the need for financial education, how robust benefits packages can ease people’s susceptibility, and more.