Social engineering attack, explained
Explore various types of social engineering attacks and find out how these manipulative strategies exploit trust and vulnerabilities, leaving victims vulnerable to financial loss.
Social engineering attacks exploit human vulnerabilities to steal cryptocurrency, a threat amplified by the technology’s growing popularity.
Social engineering attacks are the art of manipulating individuals, exploiting their trust, emotions and, sometimes, lack of knowledge. In the crypto world, these attacks are especially insidious due to the irreversible nature of most transactions. Once a victim has been tricked into sending their cryptocurrency to a fraudulent address, recovering those funds is often impossible. This vulnerability, combined with the rising value of many digital assets, creates fertile ground for social engineers seeking to capitalize on deception techniques.
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Author: Aimen Noor
