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of <h1>'Pig Butchering Scam' Targets Vulnerable Groups in India; Govt Teams with Tech Giants to Combat Fraud.</h1> A cyber fraud known as the 'pig butchering scam' is targeting vulnerable groups like unemployed youths, housewives, and students, according to a Union home ministry report. Originating in China in 2016, the scam involves cybercriminals building trust with victims to steal money through fake investment schemes. The Indian Cyber Crime Coordination Centre is collaborating with Google and Facebook to counteract this threat. The report highlights misuse of platforms like WhatsApp, Telegram, and Instagram, with over 14,000 complaints related to WhatsApp alone. Efforts include a Cyber Volunteer Framework and a financial fraud management system, saving over Rs 16 billion for victims.
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