1) The document provides three examples of social engineering attacks. In the first example, Barbara Corcoran of ABC's Shark Tank was tricked in a $400,000 phishing scam through a duplicate email address. In the second example, Toyota Boshoku Corporation lost $37 million due to a social engineering attack that changed bank account information for a wire transfer. In the third example, security company RSA spent $66 million after a data breach started with a malicious file sent via email.
2) The document then discusses signs of social engineering attacks, such as generating a sense of urgency, introducing issues that can only be solved by providing private information, and acting as a client support representative when unsolicited
1) The document provides three examples of social engineering attacks. In the first example, Barbara Corcoran of ABC's Shark Tank was tricked in a $400,000 phishing scam through a duplicate email address. In the second example, Toyota Boshoku Corporation lost $37 million due to a social engineering attack that changed bank account information for a wire transfer. In the third example, security company RSA spent $66 million after a data breach started with a malicious file sent via email.
2) The document then discusses signs of social engineering attacks, such as generating a sense of urgency, introducing issues that can only be solved by providing private information, and acting as a client support representative when unsolicited
1) The document provides three examples of social engineering attacks. In the first example, Barbara Corcoran of ABC's Shark Tank was tricked in a $400,000 phishing scam through a duplicate email address. In the second example, Toyota Boshoku Corporation lost $37 million due to a social engineering attack that changed bank account information for a wire transfer. In the third example, security company RSA spent $66 million after a data breach started with a malicious file sent via email.
2) The document then discusses signs of social engineering attacks, such as generating a sense of urgency, introducing issues that can only be solved by providing private information, and acting as a client support representative when unsolicited
1) The document provides three examples of social engineering attacks. In the first example, Barbara Corcoran of ABC's Shark Tank was tricked in a $400,000 phishing scam through a duplicate email address. In the second example, Toyota Boshoku Corporation lost $37 million due to a social engineering attack that changed bank account information for a wire transfer. In the third example, security company RSA spent $66 million after a data breach started with a malicious file sent via email.
2) The document then discusses signs of social engineering attacks, such as generating a sense of urgency, introducing issues that can only be solved by providing private information, and acting as a client support representative when unsolicited
Shark Tank is an American business reality television series on ABC that premiered on August, 2009. One of the starring person of this show name Barbara Corcoran was tricked in a nearly USD 400,000 phishing and social engineering scam. A social engineer made a duplicate email address of her assistant and send an email to the bookkeeper requesting a renewal payment related to real estate investment. He used an email similar to the legitimate one. This fraud was only discovered after the bookkeeper sent an email to the assistant’s correct email address asking about the transaction[ CITATION Cases \l 1033 ].
Example-2: Toyota Boshoku Corporation, 2019
Toyota Boshoku Corporation is a Japanese automotive component manufacturer. It is a member of Toyota Group of Companies. This company was a victim of social engineering and business email compromise (BEC) attack in 2019. This company lost money USD 37 Million. By using persuasion, social engineer agreed a finance executive officer to change the bank account information in a wire transfer. He exposed the records included names, addresses, dates of birth, occupation and other information, the good news is that no financial data was exposed in this incident[ CITATION Pie19 \l 1033 ].
Example-3: Rivest–Shamir–Adleman (RSA), 2011
Rivest–Shamir–Adleman (RSA) is one of the public key cryptosystem and is widely used for secure data transmission. In such a cryptosystem, the encryption key is public and distinct from the decryption key which is kept secret (private)[CITATION RSA \l 1033 ]. This security company has spent about USD 66 Million because of its data breach in 2011. The attack started with a document of Microsoft Excel, which is sent to a small group of employees via Email. The subject of the Email is something like “Recruitment Plan”. The attached documents with this email contained a malicious file which opened a backdoor for hackers for access.
Task-2: Recognize the Signs of Social Engineering
Example-1: Immediate Assistance: In Social Engineering attacks the social engineer use the language that generate a sense of urgency in clients and apply pressure on them to click on the given link without thinking or investigation. If someone asks you to do an urgent wire transfer then you should slow down in your work. First you should verify it then you complete the transaction.
Example-2: Verification of Information:
In Social Engineering attacks, social engineer introduces an issue which will be solved after taking the data from you. You should remember that kind of thing, which carries you to a structure to provide your data. These kinds of message look like a correct email with correct logos and markings which shows that the sender is right and the message is authentic.
Example-3: Responding a Question
Social Engineers will act like a client operator of that organization in which you are working and send you a message of responding to a request for help. But you didn’t send any kind of request for help. You may conclude that a fake client operator is contacting you, this would be a lucky time to get support from security department for an issue which you are facing. Definitely he will ask explicit data from you for validation of your personality. Task-3: Research Ways to Prevent Social Engineering Way-1: Link Verification: You must have to verify short link, which is in the form of bit.ly or any other link. It might be hiding a dangerous link. Before it, you have to check the connection without clicking and use the link expender. You can sue any link expender just like DuckDuckgo, this link expender will tell you what is behind the link.
Way-2: Identities Verification:
You have to ensure that you dealing with right person. Sometimes, you get a request in email which is unknown. Before giving the response, you have to confirm from the right person which you know. Because email capturing happens each day that’s why you have to verify the identity.
Way-3: Email Protection Software:
Protection from the social engineering attacks that will harm your data or personal information. This software will check the messages which are coming in your inbox in the form of malware, malicious internet. This software will stop these kinds of email for coming in inbox. You have to use URL protection software or avoid from clicking the short URL.