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Social engineering attacks have increased in sophistication, as cybercriminals try fool employees into sharing data. Learn the most common types and how best to secure your inbox.
In their 2022 Cost of Data Breach Report, IBM advised that the average cost of a data breach with social engineering as the initial vector surpassed $4 million. The report also showed that social engineering data breaches took almost nine months for companies to identify (201 mean time days) and contain (60 mean time days).
A social engineering attack is when cybercriminals attempt to hack your employees, rather than your technical network, to try and steal sensitive information. Because social engineering attacks are intended to exploit human weaknesses and psychological motivations, they’re sometimes referred to as “human hacking”.
Social engineering attacks rely on psychological manipulation to deceive employees into divulging information, or performing a certain action, such as downloading malware cloaked as software, or visiting websites they shouldn’t, or even, giving attackers access to your organization’s confidential systems.
While social engineering attacks are conducted through a variety of mediums, they most regularly take place through email communication, which makes the inbox of every employee a potential security threat to the organization.
In the most serious cases, social engineering is often just the first stage of what becomes a large-scale cyberattack.
Social engineering attacks work because they’re rooted in the science of human motivation. Cybercriminals employ various methods to manipulate the victim’s emotions and instincts to drive them to take action that is not in their own, or the organization’s, best interests.
These are some of the most common tactics employed in social engineering attacks:
Without exception, every employee in every organization that makes use of email communication is a potential weak spot for cybercriminals. While employee education is a must when it comes to trying to keep cybercrime threats at bay, the rapid evolution in the sophistication of social engineering attacks means multiple layers of protection are necessary.
When it comes to preventing cybercriminals from hijacking your domain and sending fraudulent emails in an attempt to carry out a possible social engineering attack, DMARC is the only mechanism that can give your organization full control over its domain name. A global security standard, DMARC is the industry go-to when it comes to protecting your organization, your employees, and your data, from costly and damaging breaches.
To measure the degree of risk of your domain name, take our quick online safety score test. Knowing your score means you will better understand whether there is a threat to your domain and your organization, empowering you with the knowledge you need to take action in order to proactively prevent social engineering attacks and email impersonations, ultimately keeping your organization, its reputation, and private information, safe.
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