Guarding Your Finances: The Art of Phishing Attacks and Social Engineering

Malware, hacking techniques, botnets, and other types of technologies are becoming increasingly sophisticated as cyber crimes become more sophisticated. Nevertheless, online criminality exploits tactics that have been refined over decades by criminals long before the internet existed. 

A cybercriminal knows how to control a human tendency for trust as well as trickery, coercion, and the movement of humans to use their faith in them to achieve their criminal goals. “Social engineering” is a term referring to a method of gaining confidence online that is most often used in confidence scams.

  

Cybercriminals can glean a nuanced understanding of users by exploiting social media sites, professional profiles, blogs, websites, or local news reports. Using data harvested from these sources over weeks or months will allow them to gain a nuanced understanding of users and even their families. 

It is a collective term for a range of scams or scams that rely on social engineering to seek money directly from a victim or to gain confidential information to enable the perpetrator to commit further crimes after the victim has fallen victim to the scam. The preferred channel for contact is now social media. However, if you want to make contact by phone or in person, it is not uncommon to do that too. 

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