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How to Defend Your Business Against Social Engineering Scams

We hear the term “Social Engineering” quite often nowadays and we have recently even written about its basics. That encompassed a wider area, including various forms of it, but most of them were not related to cybersecurity. In this article, we’ll have a look at how phishing together with ransomware and a bit of social engineering is used by criminals to blackmail unsuspecting victims and what can be done to prevent you from falling victim to these crooks.

PHISHING

Phishing has become a big player in malware attacks in the last few years and proving this type of social engineering hard to overcome. Attackers usually send well-crafted emails with seemingly legitimate attachments that carry a malicious payload. These aren’t the typical “Nigerian Prince” scammers, but rather sophisticated hacking groups with sufficient time and funding who launch these exploits. They usually hide behind a Tor network or the like and become hard to find, especially when they are backed by organized crime who use this as a source of income.

RANSOMWARE

In the recent years, we’ve seen a dramatic increase in the use of ransomware being delivered alongside phishing emails. They usually send an attachment such as “URGENT ACCOUNT INFO” with a file extension of “.PDF.zip” or “.PDF.rar,” which slips by the unsuspecting victim and delivers the payload. This attack often encrypts the entire hard disk (some of the less damaging forms simply block your access to the computer, but do not encrypt – such as this example), or the documents and requires a bitcoin payment to unlock. Luckily, these groups actually do unlock the data, this way future victims are more likely to pay.

What can you do to minimize the chances of yourself as an individual of falling a victim to these dirty schemes? Here are a few steps you can take:

What can your company do to prevent being victimized by these types of attacks?

 

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