News for hackers. Stuff that matters.
Re:What Is a Pig Butchering Scam? (2023) by kurthr on Thursday March 21, 2024 @11:05AM (#39779409)
If you're over 80 years old and don't do online banking, but are convinced by someone calling "from the FBI" that your account is in danger, Wells Fargo will happily try multiple times to transfer your life's savings to multiple different Bitcoin bank accounts (the first few closed for fraud and funds returned) over more than a week and several visits, then open a new credit card and transfer the maximum cash advance electronically as you read the newly issued password out to someone on the phone in their presence, and never mention there's a danger in doing this or question your decisions, until all your money is gone.

How do I know? If you happen to have been a school teacher for 50 of those years, you keep excellent hand written notes of the events, that make your relatives sick to their stomachs.

Re:What Is a Pig Butchering Scam? (2023) by suzzer99 on Thursday March 21, 2024 @02:52PM (#39782811)
Wells Fargo really is rotten to the core. The other banks at least make cursory efforts to prevent this stuff.
Re:What Is a Pig Butchering Scam? (2023) by kurthr on Thursday March 21, 2024 @03:46PM (#39783484)
The only saving grace was that they ended up on the hook for the cash advance.
Re:What Is a Pig Butchering Scam? (2023) by suzzer99 on Thursday March 21, 2024 @09:18PM (#39786470)
I'm sure they weighed the costs and decided it was more profitable to make zero effort to stop fraud. Never mind the moral hazard.