“Pig butchering” cyberscams cost Americans billions. A coordinated strategy is needed to stop them.

An increasingly common scam known as “Pig Butchering” is targeting professionals. WSJ cybersecurity reporter Robert McMillan joins host Zoe Thomas to discuss how it works and how to avoid it.

The pig butcher contacts unsuspecting people via text, email, social media or dating sites and, over time, tries to gain the confidence of the person they want to scam. Eventually, the targets are ...