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Jake Moore, ESET Security Specialist, talks you through how the internet has changed scamming and how social engineering plays a major role.
Being conned out of cash is unfortunately not a new concept. Scam artists have been tricking people out of their hard earned cash for centuries, but it’s only within the last 10 years or so that we have seen this shift to the internet. Not only is this crime still happening, but the speed, convenience and anonymity of the internet has made it stronger.
Scams that use the internet, known as cyber enabled crime, use the same method as before - the art of manipulation. Social engineering is another key aspect: it is a powerful tool offering the ability to manipulate people using cyber-crime and psychology.
When it comes to conning someone on the internet, it can be frightfully simple.
Techniques such as creating a duplicate site that looks genuine can lower the guard of a victim who then intentionally types in sensitive information, such as card details or a password.
More targeted scams such as ‘spear-phishing’ require personal information to target victims without suspicion. Using information found on the internet, scammers are able to act as a friend or a familiar entity and send a convincing but fraudulent message to their target, manipulating their way in.
Real-world hustlers have proved to be excellent psychologists. They have identified these patterns and principles before anyone else. These behavioural patterns are not just ideal opportunities for scams and criminal activity, but also pose a security weakness of “the human element”. This highlights a potential risk for any system, especially for businesses.
Distraction is at the heart of many fraud scenarios and is a fundamental ingredient of most magic performances. There is a theory among conjurors that the idea of being “one ahead” is the cornerstone of magic and that everything else is merely a variation of it.
Street cons are referred to as 'misdirection', but in fact, a better term could possibly be ‘distraction.’ The audience will always follow the thing that is offering the most interest - just like in magic. If their focus wonders then the illusion is lost. This is exactly how distraction scams work and these can be delivered using the internet with ease.
Even very private and suspicious people will let their guard down without thinking sometimes… Just think... if a TV production company researcher emailed you and said:
"Hi! We love what you are doing and we need someone like you to be part of a documentary we are making for ITV, are you interested?"
Boom! Your guard is down whilst you think about what you will wear on national telly.
The next minute, you're downloading a "declaration form" which turns out to be ransomware extorting your company for a couple of BitCoin!
To discover ESET’s range of security solutions for businesses, click here
FSB Cyber Protection includes an insurance policy with cover of up to £10,000 and an unlimited use helpline to answer all your Cyber Security questions.
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