The number of people using social media these days is staggering. For instance, Facebook has 1.65 billion monthly active users as of March 31, 2016. As such, the ability to reach such a broad consumer base through social media is becoming increasingly important to businesses. Companies are no doubt eager to create social media pages that generate “followers” and “likes” that may, in turn, generate profits. As the number of “followers” and “likes” of a page increase, so do potential issues surrounding ownership of these aspects of social media pages.… Continue Reading
What is social engineering fraud?
Social engineering fraud is defined as the art of influencing people to disclose sensitive information or granting the fraudster unauthorized access. As opposed to exploiting a secure computer system to access information, criminals are now exploiting a person’s trust through avenues such as email, social media, and mobile apps. While social engineering fraud could involve the classic “advance-fee scam” such as when a vulnerable individual is tricked into sending money to a “prince” in a foreign land, there has been a rapidly increasing amount of sophisticated scams, such as Business Email Compromise (BEC) scams that … Continue Reading