Image courtesy of Cybersecurity Magazine
Cybersecurity Magazine referenced a podcast featuring Arkose Labs CEO Kevin Gosschalk in a piece examining how pig-butchering scams — which netted more than $75 billion between 2020 and 2023 — eclipsed ransomware as the most profitable form of cybercrime. The article notes that public-private partnerships are beginning to dismantle some of the scam operations, though human error continues to outpace awareness efforts.
