The rise of social engineering fraud
Most of us like to think we’re too clever to be caught out by email and telephone scams, but in fact any of us can get caught out by fraudsters.
Their tricks have gone far beyond the infamous fax from a “Nigerian prince” you’ve never heard of asking you for money.
Now frauds are increasingly sophisticated and you are much more likely to hear from someone you trust.
Fraudsters dupe their victims using a type of psychological manipulation known as “social engineering”.
It is essentially a confidence trick that influences a person to take action that may not be in their best interest.