In his October contribution to Forbes Advisor, John Wilson explains what social engineering is and gives examples of scams involving (phony) third parties.
Originally published in Forbes Advisor
“Social engineering refers to the basket of psychological tricks scammers use to build trust with potential fraud victims. — The general ploy is to entice you to put up some money to receive something of greater value. These cons have two phases involving entities that seem unrelated. That’s the genius. The idea is that even if you’re a little suspicious of the initial message or ask, the apparent handoff to a third party—another person or group—builds your trust.”
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