The Rise Of Social Engineering Fraud In Business Email Compromise
DARKReading, Wednesday, March 6th, 2024
By examining common social engineering tactics and four of the most devious threat groups, organizations can better defend themselves.
Social engineering is present in 90% of phishing attacks today. However, business email compromise (BEC) attacks stand apart in the cybercrime industry for their emphasis on social engineering and the art of deception.
Part of what makes social engineering such a prominent part of BEC and other types of phishing attacks is its ability to manipulate human levers to achieve a desired outcome. Oftentimes, social engineers will create a false sense of urgency, push victims into a heightened emotional state, or capitalize on existing habits or routines in order to get their victims to behave in a way that might otherwise be out of character.