PBaaS, or Pig Butchering as-a-Service, is a cybercrime business model where threat actors sell or lease ready-made toolkits, scripts, and infrastructure to facilitate large-scale 'pig butchering' scams. These scams typically involve criminals building fake relationships with victims online, gaining their trust, and then convincing them to invest in fraudulent cryptocurrency or financial schemes. PBaaS lowers the barrier to entry for less-skilled scammers, enabling widespread and organized fraud. The as-a-Service model provides ongoing support, updates, and even victim management tools, making it easier for cybercriminals to scale their operations and evade law enforcement.