4 Social Engineering Scams to Watch Out For
Experts are constantly creating new security systems to protect individuals and businesses from hackers. From those who want to attend popular events like the Olympics to avoiding an angry boss, hackers are preying on gullible victims to circumvent network security systems and steal sensitive information. If you don’t want to be the next victim, read about the most common social engineering scams here.
This is the most frequently used social engineering attack, especially against small businesses. Check out these frightening statistics:
- Kaspersky Labs revealed that its anti-phishing system prevented more than 107 million attempts to connect users to malicious websites in just one quarter of 2018.
- Barkly added that 85% of companies have fallen prey to this nefarious scheme.
- And PhishMe reports that the number of these scams is growing by at least 65% per year.
How is phishing carried out? Criminals make use of emails, phone calls, or text messages to steal money. Victims are directed to phony websites or hotlines and are tricked into giving away sensitive information like names, addresses, login information, social security, and credit card numbers.
To protect yourself, be wary of emails from people you don’t know that offer you a prize, come with attachments you didn’t request, direct you to suspicious sites, or urge you to act quickly. Phishing emails usually appear to come from reliable sources, but they are wolves in sheep’s clothing.
One of the most infamous and widespread examples of phishing was during the 2016 Summer Olympics in Rio, where victims received fraudulent emails for fake ticketing services that stole their personal and financial information.
Be aware of Whaling as well. Whaling and Phishing are both very similar:
Phishing is more automated, hoping you go to their fake website and type a real username/password so they can access your data.
Whaling is the same thing, but a real person is behind the email making it look legitimate and harder for filters to block it. They often ask for bank transfers or something similar. They will also respond quickly if you respond to the email to start a conversation and suck you in.
What’s the fastest and easiest way for criminals to enter a secure office? Through the front door, of course! Tailgating happens when an employee holds the door open for strangers and unauthorized visitors, allowing them to infiltrate an organization. This simple act of kindness enables fraudsters to enter restricted areas, access computers when no one is looking, or leave behind devices for snooping.
Quid pro quo
Here, scam artists offer a free service or a prize in exchange for information. They may lure their victims with a gift, concert tickets, a T-shirt, or early access to a popular game in exchange for login credentials, account details, passwords, and other important information. Or hackers may volunteer to fix their victims’ IT problems to get what they want. In most cases, the gift is a cheap trinket or the tickets are fake, but damages from stolen information are all too real.
Fraudsters pretend to be someone else to steal information. They may pose as a telemarketer, tech support representative, co-worker, or police officer to fish out credit card information, bank account details, usernames, and passwords. The con artist may even convince the unsuspecting victim to apply for a loan over the phone to get more details from the victim. By gaining the person’s trust, the scammer can fool anyone into divulging company secrets.
Also, and we cannot emphasize this enough, be aware of shoulder surfing. Shoulder surfing happens when someone is standing over your shoulder and watching the keystrokes that you enter while typing your password. Often this happens fairly quickly, and you may not even notice it. We all know that if someone obtains your password, they have access to your entire online life; keep an eye out for people nearby when typing in your passwords.
In spite of the many security measures available today, fraudsters and their social engineering schemes continue to haunt and harm many businesses. Thus, it’s best to prepare for the worst. To protect sensitive information, educate yourself and be careful. Remember: If anything is too good to be true, it probably is!
To shield your business from social engineering attacks, don’t take chances! Get in touch with us today by calling 800-421-7151.