Social Engineering Fraud: Is Your Business Insured Against Spear Phishers With Good Aim?
What is Social Engineering Fraud? You may not think you know, but you do. In fact, you’ve already been targeted repeatedly and recently, probably even today. Social Engineering Fraud is a leading cause of data breaches and has resulted in billions of dollars being stolen. So, what exactly is it?
According to Interpol, that’s right, Interpol, Social Engineering Fraud is a type of scam that tricks, deceives or manipulates victims to initiate money transfers or reveal confidential and personal information that can then be used for illicit purposes. It relies on human-to-human interaction, not guns or hackers, to perpetrate