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IBM

Romance Scams - How They Work, How They Win and What We Do About It

IBM via YouTube

Overview

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Dive into this 37-minute podcast episode that dissects the mechanics and psychology behind modern romance scams. Learn how these sophisticated schemes evolve from seemingly innocent "wrong number" texts into elaborate "pig butchering" operations that exploit emotions, trust, and time to extract money through cryptocurrency investment fraud. Discover why anyone can become a victim, how data breaches and public records enable scammers to create convincing profiles, and understand the growing role of artificial intelligence in amplifying these threats. Gain practical insights on recognizing red flags, protecting yourself from unknown contacts and suspicious investment opportunities, and approaching loved ones who may be caught in these scams. Explore strategies for removing stigma to encourage faster reporting and examine how personal scams can escalate into corporate security risks, while understanding the broader implications for organizations and individuals in combating these increasingly sophisticated social engineering attacks.

Syllabus

- Intro
- Anatomy of romance scam
- Disrupting the scam

Taught by

IBM Technology

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