Financial Crime World

Cunning Con Artists Use Social Engineering Tactics to Defraud Victims

Social engineering has emerged as one of the most common methods used by attackers to defraud their victims. This insidious technique involves luring unsuspecting individuals into deceitful conversations, ultimately leading to the theft of sensitive information.

Data Breaches: A Growing Concern

Recent reports have highlighted the increasing number of data breaches at educational institutions, with unauthorized parties gaining access to sensitive data including social security numbers, bank routing details, and health records. To stay ahead of these cunning con artists, cybersecurity experts recommend prioritizing employee awareness training.

Employee Awareness Training: The Key to Prevention

By educating employees on recognizing new social engineering techniques, organizations can empower their staff to be more vigilant in their daily work. This includes teaching them to identify common tactics used by attackers, such as:

  • Miscellaneous errors: Misconfigured knowledge databases and lack of access controls
  • System intrusion: Unauthorized access to sensitive data
  • Basic web application attacks: Vulnerabilities in software applications

Mitigating Risks with Effective Measures

To mitigate these risks, experts recommend implementing the following measures:

1. Cybersecurity Awareness Training for Employees

Provide employees with comprehensive cybersecurity awareness training to educate them on recognizing new social engineering techniques and how to respond to potential threats.

2. Secure Configuration of Enterprise Software and Assets

Ensure that all enterprise software and assets are properly configured and up-to-date to prevent vulnerabilities from being exploited by attackers.

3. Access Control Management Solution

Deploy an access control management solution to ensure that only authorized personnel have access to sensitive data and systems.

4. Account Management Tools

Implement account management tools to monitor user activity and detect potential security breaches in real-time.

5. User Activity Monitoring

Monitor user activity to identify suspicious behavior and take action before a breach occurs.

6. Manage Third-Party Activities

Ensure that all third-party activities are properly monitored and managed to prevent unauthorized access to sensitive data and systems.

Protect Your Organization with Ekran System

A comprehensive insider risk management platform like Ekran System can help organizations stay one step ahead of attackers by providing real-time alerts on suspicious user activity, detecting malicious actions, and controlling access to critical systems. Don’t become a victim of social engineering tactics. Request access to Ekran System’s online demo today and discover how you can protect your organization from insider threats.

Why Choose Ekran System?

  • Manage all risks using a single solution
  • Monitor suspicious user activity in real-time
  • Detect malicious actions and take action quickly
  • Control access to critical systems and data

Ekran System is used by clients from over 70 countries around the world. Request your online demo today and see why!