Google defines social engineering as “the use of deception to manipulate individuals into divulging confidential or personal information that may be used for fraudulent purposes.”
Online scams and phishing attempts are by far the most common ways in which fraudsters attempt to perform social engineering on your consumers to steal their information. And these attacks are getting more and more sophisticated in their delivery.
Case in point: Recent reports have surfaced where scammers are contacting consumers as the Social Security Administration to trick them into giving up their personal information, which would then be used to perform identity fraud or synthetic identity theft.
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