Social engineering is the use of deception to manipulate people into performing an action or giving away their secret information.
What Is Social Engineering?
Cybercriminals often use psychological manipulation, such as impersonating an employee from the company one works for and getting access to personal accounts.
Types of Social Engineering
Social Engineering Technique
A social engineering attack cycle is a systematic way to gain access and sensitive information from users, using their vulnerability. These criminals tend not to use brute force methods because it helps them keep a track of what users are doing on their computer or phone without being detected by anti-virus programs.
The cycle involves gathering background info about someone then establishing trust through interactions initiated either directly or through interactions seeded at various points during online chats/conversations via email attachments etc. Then in the third phase, the attacker exploits the user’s trust and manipulates them to take the desired action. In the last phase, the attacker disengages themselves from the user.
Social Engineering Attacks in Crypto World
In the crypto world, cybercriminals are mostly targeting the social media accounts of prominent personalities of the crypto industry. After gaining access, they use the pre-built trust of these personalities to exploit people in multiple ways. Secondly, they are also targeting users to get access to their private wallets.
How to Prevent Yourself From Social Engineering?
Social engineering attacks are a huge problem in the world of cybersecurity. Preventing them is a top priority for many businesses, organizations, and individuals. The best practices to be employed are:
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Set spam filters on all email accounts so even if attackers manage to get access to them, they won’t be able to send any messages or access anything sensitive with ease.
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One should never use the same password across different accounts as many accounts have been compromised in the world of cryptocurrency due to this issue.
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Ensure every website requires you to set up two-factor authentication (2FA) system (something that requires you to verify your identity twice, firstly, through your password and, secondly, another method) and multi-factor authentication whenever possible.
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Finally, educate everyone about these threats by making security education part of the curriculum.
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