Scammers are getting so good at it that even cybersecurity experts are taken in.
We all like to think we’re immune to scams. We scoff at emails from an unknown sender offering us £2 million, in exchange for our bank details. But the game has changed and con artists have developed new, chilling tactics. They are taking the personal approach and scouring the internet for all the details they can find about us.One of us recalls that in 2018 he received an email from the pro-vice chancellor of his university.
Human tendencies Psychologists who research obedience to authority know we are more likely to respond to requests from people higher up in our social and professional hierarchies. And fraudsters know it too. Globally, email spam cons cost businesses nearly US$20 billion every year. Business consultant and tax auditor BDO’s research found that six out of ten mid-sized business in the UK were victims of fraud in 2020, suffering average losses of £245,000.
And more technical solutions are available for scammers these days to conceal their identities such as using anonymous communication channels or fake IP addresses.
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