Rakesh Soni is CEO of LoginRadius, a leading provider of cloud-based digital identity solutions.
Over the years, social engineering assaults have been a regular phenomenon against companies. It has become more and more sophisticated.
There's no 'stop sign' for cybercrimes any time soon, needless-to-say. Instead, hackers have come up with more innovative tactics to trick staff and individuals into sharing confidential credentials.
It's high time for organizations to do diligent analysis and use the right resources to stay ahead of fraudsters.
Social engineering is a cyberattack in which hackers trick unsuspecting users psychologically into making safety errors and giving up their sensitive details.
In order to trick victims into clicking malicious links or physical tailgating attacks, social engineering includes the perpetrator using human emotions like fear, interest, greed, rage, etc.
Here is a short rundown of the most common scams used against modern companies and individuals in social engineering.
The most prevalent and widely successful form of attack on social engineering is phishing. By email, chat, web ad, or website, the fraudster uses trickery and deception to force an individual or organization to reveal their PII and other valuables.
Another form of social engineering is spear phishing, where the fraudster does some background research on the personal and professional life of the victim to establish the right excuse.
Baiting is where the fraudster uses greed or interest to lure and manipulate the victim into handing over their login credentials with false promises.
Tailgating occurs when someone crosses into a restricted area without adequate authentication by physically bypassing the security measures in place.
Scareware is a malware tactic in which the fraudster perceives a risk of misleading users into visiting sites infected with malware and purchasing malicious software.
Understanding the warning signs and staying away from threats is one of the best ways to defend against social engineering. A few of the symptoms of alert include:
See the infographic created by LoginRadius to learn more about Social Engineering Attacks prevention and best practices.
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