It leverages psychological tactics to manipulate victims. Here are common tactics used by criminals to convince their victims and execute their plans:Using fake authority: A common tactic criminals use is authority, where attackers impersonate figures of trust, such as law enforcement or tech support, to pressure victims into revealing the information they want. Create urgency: Urgency is another tactic, often used in phishing emails or scam calls that demand immediate action to prevent “loss” or claim a reward. Preying on the instinct of reciprocity: Reciprocity involves playing on the instinct to return favors, luring victims with gifts like fake airdrops or rewards. Triggering impulsive actions: Scarcity drives decisions by presenting fake limited-time offers, prompting impulsive behavior. Riding herd mentality: Social proof, or the herd mentality, is also common with fraudsters often claiming others have already benefited, encouraging the victim to follow suit.
These links take users to counterfeit websites that mimic legitimate crypto exchanges or wallets, prompting users to input sensitive information like private keys or login credentials. Impersonation attacks: Scammers pose as trusted figures or support staff on platforms like Discord and Telegram.
How to protect yourself from social engineering attacks in crypto Crypto users face an increasing wave of social engineering attacks, from fake job offers to Discord phishing links.
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Author / Journalist: Cointelegraph by Dilip Kumar Patairya
The story "How $330M was stolen without hacking: The dark power of social engineering" has 1188 words across 71 sentences, which will take approximately 5 - 10 minutes for the average person to read.
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