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Scaling the Fraud Economy: Pig Butchering as a Service

ID: 9b468c73-cb7e-5d22-8cc9-51e8a75b632a

STIX ID: report--9b468c73-cb7e-5d22-8cc9-51e8a75b632a

Feed Name: Infoblox Threat Intel Blog

Threat Score
78/100

Date Published: 2026-01-08

Date Updated: 2026-04-28

Author: Infoblox Threat Intel

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**Executive summary:** This report analyzes the rise of pig‑butchering‑as‑a‑service (PBaaS) in Southeast Asia, profiling service providers (notably ‘Penguin Account Store’ and UWORK) that commercialize stolen PII, pre‑registered SIMs, social CRM/CRM platforms, mobile apps, payment processors and company‑registration services to enable large‑scale romance and investment scams; researchers purchased access, mapped operational DNS signatures, and linked UWORK to an indictment involving >US$13M in losses, warning that PBaaS commoditizes fraud and recommends targeting service providers, financial enablers and DNS infrastructure.

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