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As an employer, you seek smart, helpful, and trusting people with which to grow your business.

Unfortunately, this means you or one of your employees may be more susceptible to being targeted and tricked into releasing confidential information that could be used to hack into the company’s network by someone who has manipulated them into helping them commit fraud–otherwise known as social engineering fraud.

Think this couldn’t happen at your company? Think again. In 2015, the FBI warned that scammers had stolen nearly $180 million from U.S. companies–and over $214 million total worldwide–in little more than a year through a social-engineering fraud called the business e-mail compromise.

Through their guest blog entry, the Chubb Group of Insurance Companies shares that by becoming more aware of the different types of encounters that could be socially engineered, as well as practical tips and preventative measures, you can make sure employees within your company are never unwittingly helping the wrong person.

* Thank you to our sponsors and friends at the Chubb Group of Insurance Companies for their guest blog entry, Social Engineering Fraudsters Bait Small Business.



Originally posted on Women Presidents' Organization by Women Presidents' Organization.

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