What is Social Engineering in Cyber Security?

It was Dutch industrialist JC Van Marken who coined the phrase social engineering in 1894, but it has been used by cyber-attackers since the 1990s. A threat actor could use a landline number to dial in to an internal corporate server by calling users and tricking them into providing their credentials.

Social engineering is a technique used by cybercriminals to manipulate individuals into divulging sensitive information or performing actions that may compromise security. It is a type of attack that exploits human psychology and emotions rather than technical vulnerabilities. Social engineering attacks can take many forms, including phishing emails, pretexting, baiting, and quid pro quo.

Social engineering attacks can be difficult to detect and prevent, as they rely on human error rather than technical vulnerabilities. It is important for individuals and organizations to be aware of the different types of social engineering attacks and to take steps to protect themselves, such as implementing strong passwords, using two-factor authentication, and being cautious of unsolicited emails or phone calls.

Major Takeaways

· 98% of cyber-attacks are caused by social engineering.

· In about 43 percent of phishing emails, large organizations, such as Microsoft, are impersonated.

· Phishing attacks result in data loss for 60% of companies, and 18% of targeted users fall victim to them.

· In social engineering, attackers use fake identities to coerce victims into disclosing sensitive information.

· Phishing emails and social engineering attacks account for over 70% of data breaches.

· From implementing multifactor authentication for your accounts to training employees to identify suspicious behavior, you can prevent social engineering.

Get Free Quote in Minutes

Social engineering is the art of manipulating people into divulging confidential information or performing actions that may not be in their best interests. It is a technique used by cybercriminals to exploit human vulnerabilities and gain unauthorized access to sensitive data. Social engineering attacks are typically carried out through various channels, including email, phone calls, social media, and even physical interactions.

Psychological Principles Behind Social Engineering

Social engineering attacks are successful because they exploit certain psychological principles that make people more susceptible to manipulation. These principles include authority, where people are more likely to comply with requests from someone they perceive as an authority figure, and reciprocity, where people feel obligated to return a favor or gesture. Other principles include social proof, where people tend to follow the actions of others, and fear, where people are more likely to act impulsively when they feel threatened.

Here are some common social engineering techniques that attackers use to trick their targets:

1. Phishing

Phishing is a type of social engineering attack that involves sending fraudulent emails or messages that appear to be from a legitimate source, such as a bank or a social media platform. The goal is to trick the victim into clicking on a malicious link or downloading a harmful attachment that can infect their device with malware or steal their login credentials.

2. Pretexting

Pretexting is a technique used by attackers to create a fake scenario or pretext to trick the victim into divulging sensitive information. For example, an attacker may impersonate a company's IT support team and ask the victim to provide their login credentials to resolve a technical issue.

3. Baiting

Baiting is a social engineering technique that involves offering something enticing to the victim to lure them into performing a certain action, such as clicking on a link or downloading a file. For example, an attacker may leave a USB drive labeled "confidential" in a public place, hoping that someone will pick it up and plug it into their computer, thereby infecting it with malware.

4. Quid Pro Quo

Quid pro quo is a social engineering technique that involves offering something in exchange for sensitive information or access. For example, an attacker may offer the victim a free gift card in exchange for their login credentials.

5. Tailgating

Tailgating is a technique used by attackers to gain physical access to a restricted area by following closely behind an authorized person. For example, an attacker may pretend to be a delivery person and follow an employee into a secure building, thereby gaining access to sensitive areas.

By understanding these common social engineering techniques, individuals can better protect themselves against cybercriminals who use these tactics to steal sensitive information or compromise their security.

Social engineering attacks can be prevented by implementing a combination of security awareness training, robust policies, and technical security measures.

1. Security Awareness Training

One of the most effective ways to prevent social engineering attacks is through security awareness training. Employees should be trained on how to identify and respond to social engineering attacks, including phishing emails, pretexting, and baiting. This training should be ongoing and should include real-world examples and scenarios to help employees understand the risks and consequences of falling victim to these attacks.

2. Implementing Robust Policies

Organizations should implement robust policies to prevent social engineering attacks. These policies should include guidelines for handling sensitive information, such as passwords and personal data, as well as procedures for verifying the identity of individuals who request access to this information. Policies should also outline the consequences of violating these guidelines, including disciplinary action and legal consequences.

3.Technical Security Measures

Organizations should implement technical security measures to prevent social engineering attacks. This includes using firewalls, antivirus software, and intrusion detection systems to protect against malware and other malicious software. Organizations should also implement access controls, such as two-factor authentication, to prevent unauthorized access to sensitive information.

It's important to take the time to verify the identity of incoming email senders or to ask questions when communicating over the phone to avoid becoming a victim.

Follow these rules –

1. Before responding, do your research: If the scam is common, you will find others discussing the social engineering method online.

2. Be cautious of strange behavior from friends: Attackers use stolen email accounts to trick users, so be wary of emails with links to websites but little else.

3. Use the official domain instead of clicking a link. If a sender claims to be representing a business, do not click the link and authenticate.

4. Don't download files: If an email requests that files be downloaded urgently, ignore the request, or ask for assistance.

Ethical Considerations

Social engineering not only violates laws but also raises ethical concerns. It involves manipulating people into revealing sensitive information or performing actions that may harm themselves or others. This can lead to serious consequences, such as identity theft, financial loss, and reputational damage.

Social engineers may also exploit psychological vulnerabilities, such as trust and fear, to achieve their objectives. This can have a significant impact on the victim's mental health and well-being.

Therefore, it is essential to adhere to ethical principles when conducting social engineering tests or assessments. This includes obtaining informed consent from the individuals involved, ensuring that the tests are conducted in a controlled and safe environment, and avoiding any actions that may cause harm or distress.

Overall, social engineering is a complex issue that requires careful consideration of legal and ethical implications. It is important to understand the potential risks and consequences of social engineering and take appropriate measures to prevent and mitigate them.

As technology advances, so do the tactics used by cybercriminals to conduct social engineering attacks. Here are some future trends in social engineering that are likely to emerge:

1. AI-Powered Attacks

With the rise of artificial intelligence (AI), cybercriminals are expected to use AI-powered attacks to conduct social engineering. This would allow them to create more sophisticated and targeted attacks that are harder to detect.

2. Increased Use of Deepfakes

Deepfakes are manipulated videos or images that are designed to look real. Cybercriminals are likely to use deepfakes to conduct social engineering attacks, such as creating fake videos of company executives to trick employees into divulging sensitive information.

3. Social Media Exploitation

Social media platforms are a goldmine of personal information that cybercriminals can use to conduct social engineering attacks. In the future, we can expect to see more attacks that exploit social media, such as creating fake profiles to gain the trust of victims.

4. Ransomware as a Social Engineering Tool

Ransomware attacks are already a common threat, but in the future, we can expect to see cybercriminals using ransomware as a social engineering tool. For example, they could threaten to release sensitive information unless the victim pays a ransom.

5. More Targeted Attacks

Cybercriminals are becoming more sophisticated in their approach to social engineering. In the future, we can expect to see more targeted attacks that are tailored to specific individuals or organizations. This would make the attacks more effective and harder to detect.

Overall, social engineering is a constantly evolving threat that requires organizations to stay vigilant and up to date with the latest trends and tactics. By understanding these future trends, organizations can better prepare themselves against social engineering attacks.

How BimaKavach can help you

Get a cyber insurance policy for your organization. BimaKavach ties up with reputed insurers in the market. Speak to our representatives. They will assess your needs and help you choose the best policy.

Conclusion

Social engineering is a powerful tool in the hands of cyber criminals and hackers. It is a form of psychological manipulation that exploits human emotions and vulnerabilities to gain unauthorized access to sensitive information. Social engineering attacks can take many forms, including phishing emails, pretexting, baiting, and tailgating.

To protect against social engineering attacks, organizations should implement a comprehensive security awareness training program that educates employees about the risks and consequences of social engineering. This program should cover topics such as identifying phishing emails, recognizing suspicious behavior, and reporting security incidents.

In addition, organizations should implement technical controls such as multi-factor authentication, intrusion detection and prevention systems, and data loss prevention solutions to mitigate the risks of social engineering attacks. It is also important to regularly review and update security policies and procedures to ensure they are up-to-date and effective.