Social engineering cyberattacks and how they’re impacting businesses

May 5th, 2021 Posted by Security & Surveillance, Small and Medium-Sized Businesses (SMBs), Technology 0 thoughts on “Social engineering cyberattacks and how they’re impacting businesses”

“Social engineering cyberattacks target your organization’s weakest link, you and your people!”

Glenn Baruck, eDot

Criminals seeking a profitable income stream continue to gravitate towards cyberattacks as one of their preferred sources of income. Experts anticipate global cybercrime costs to skyrocket to $10.5 trillion annually by 2025. In response to this constantly rising threat, organizations are increasing digital defenses to protect against traditional cyberattack methods. At the same time, cybercriminals are adopting a new strategy, side-stepping conventional defenses, and targeting businesses’ most vulnerable assets, the ones that software can’t fully protect — people.

This new trend is known as “Social Engineering Attacks.” If you are not familiar with or would like to learn more about these attacks, check out this outstanding article by Author Devin Partida for In the article, Devin provides an excellent overview of this trend and valuable insights on identifying and defending against them.

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