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. https://www.embroker.com/blog/social-engineering-fraud-phishing-insurance-coverage
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SHARESHARESHARE
PROTECTING YOUR BUSINESS FROM SOCIAL ENGINEERING FRAUD WITH INSURANCE
Social engineering fraud refers to scams that rely on psychological manipulation to convince the victims into surrendering restricted, sensitive information and funds by exploiting their trust. These attacks have become commonplace, with close to 83% of companies reporting that they’ve experienced phishing attacks in 2018. The losses associated with these attacks have also been consistently increasing. According to the FBI, companies in the US have lost $1.6 billion from 2013 to 2017. READ MORE