Stemming the tide of Social Engineering Scams with Behavioural Insight
Stemming the tide of Social Engineering Scams with Behavioural Insight
Fraud and cybercrime are always on the increase, evading the latest security conventions and morphing into a different approach, following the money.
In the same way, banks and financial organisations worldwide need to continuously respond and adapt.
Global events create new trends and directions for fraudsters to exploit and the recent Coronavirus pandemic is no different.
Social engineerin…
Money Monday: Cyber security emails
Did you know internet scams are called social engineering?
Wire Transfer Fraud (aka Social Engineering)
On a daily basis, hackers are tricking businesses into “Wire Transfer Fraud,” aka Social Engineering.
Protect your business from a WTF hack attack today with a Cyber Insurance Policy from Evolve MGA (www.evolvemga.com).
Social Engineering Attacks: What in the World Are They?
Learn about the dangers of social engineering attacks: https://www.aura.com/learn/types-of-social-engineering-attacks
Scammers don’t only try to hack your bank account or phone. They also try to hack YOU.
This is called a social engineering attack.
In 2021, cybercriminals used social engineering attacks in 98% of crimes. In these crimes, hackers use human psychology to create a sense or urgency or fear and get you to act without thinking.
So, how can you protect yourself?
BEWARE OF THESE 8 SOCIAL ENGINEERING ATTACKS
1. Phishing — when scammers send messages, calls, or emails pretending to be someone you trust and tricking you into giving them access to your sensitive data.
2. Tailgating — when scammers physically follow you into your apartment building or work.
3. Pretexting — when scammers misuse their position or role to get your information.
4. Business Email Compromise (BEC) – when scammers use your work email to run scams or steal money.
5. Quid Pro Quo attacks – when scammers offer you a free trial or gift card in return for trying their software (which is laced with malware).
6. Honey traps – when scammers create a fake romantic relationship with you and convince you to send them cash.
7. Scareware – when scammers send you messages saying your device has been infected and get you to download malware hidden as “clean-up” apps.
8. Watering hole attacks – when scammers target you on a site you use regularly.
HOW TO AVOID SOCIAL ENGINEERING ATTACKS
Slow down! Don’t trust emails, messages, or people. Scrutinize details like email addresses and phone numbers.
Use a VPN and antivirus. This can protect you from malware and other viruses that scammers use to spy on you.
STAY SAFE FROM SOCIAL ENGINEERING ATTACKS
With Aura, you get industry-leading identity theft protection, constant credit monitoring, phishing and malware protection, 24/7 support from fraud resolution specialists, and $1,000,000 in insurance for eligible losses due to identity theft.
Protect yourself from dating scams and fraud. Try Aura free for 14 days: https://buy.aura.com/free-trial
Fighting Social Engineering Scams with Behavioral Biometrics
When your bank calls to discuss fraudulent charges, is it really the bank? Or is it a scam?
Scammers pretending to be banking reps can trick victims into transferring funds or handing over personal information and SMS verification codes.
What are the ‘digital tells’ that can foil the scam?
At BioCatch we understand how people normally behave, so we can identify the ‘digital tells’ that indicate when a scam is underway.