1. Insurance Terms & Definitions/
  2. Insurance Terms Starting With S

Social Engineering Fraud

What is Social Engineering Fraud?

Social Engineering Fraud is a type of fraud that involves manipulating people into revealing confidential information or performing certain actions. It is a form of cybercrime that uses social engineering techniques to deceive individuals into providing sensitive information or access to their accounts. Social engineering fraud is often used as a way to gain access to a company’s sensitive information, such as credit card numbers, banking information, or confidential business documents.

Social Engineering Fraud in More Detail

Social engineering fraud may refer to any type of fraud that takes advantage of people’s natural social tendencies. It often relies on the manipulation of human emotions or the exploitation of trusting relationships in order to gain sensitive information or access to accounts. This type of fraud can also involve impersonating a trusted authority or using false promises or threats to gain access.

Social engineering fraud can be used to gain access to financial accounts, steal identities, or even commit fraud. It is important for individuals to be aware of the potential risks associated with social engineering fraud and to take steps to protect their personal and financial information. This includes being aware of phishing scams, verifying the identities of anyone requesting sensitive information, and using secure passwords and two-factor authentication.

Post Views553