Mercury Meets (Virtually) | Social Engineering

With the recent attacks in the Ukraine, one of the first lines of defense was to elevate the guarding of computer systems to protect against the threat of cyberhacking.  While cybersecurity is typically talked about in the larger sense of national and business security, the daily threat exists in the more common form known as social engineering.

Phishing, baiting, pretexts are all basic forms of this manipulative fraud tactic used to gain the trust of an unsuspecting person who then naively penetrates a target's account.  Typically the perpetrator poses as one in authority or as an internal IT colleague who is very skilled at using emails and texts to establish a sense of urgency and requesting pertinent---and confidential information---to pull off their crime.  According to Check Point Software, the average social engineering attacks cost the victim (company)  between $25,000 - $100,000 per incident. And of all cyber attacks, 98% rely on social engineering with 61% involving new hires, according to IT professionals.

Join this discussion for insights on this common and growing threat as peer professionals share how they are working to mitigate and thwart these invasions.

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