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Humans vs. Security: The War on Social Engineering

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Securance has more than two decades of experience helping organizations combat evolved cyber threats, build effective risk management programs, align with compliance standards, and increase operational efficiency. Our comprehensive approach integrates proven methodologies, dependable expertise, and each customer’s unique requirements to maximize the benefits and long term value of each assessment.

INTRODUCTION

No one likes to get duped. Egos are bruised, trust is lost, and coworkers and management can be hasty to point fingers. This is often the aftermath of a social engineering attack, when even well-meaning employees fall victim to hacking techniques poised to steal confidential information. Evolving with the times— and the hackers— is sometimes perceived as time consuming, costly, and, for some executives, unnecessary. However, the fact remains that the average cost of a data breach in the U.S. was $8.64 million in 2019, with social engineering attacks accounting for 67 percent of all breaches. How do we safeguard our finances and data, given the alarming statistics? More importantly, how do we get the entire organization on board, so our efforts to increase security awareness are not squandered? It starts with understanding what social engineering actually is. Only after knowing an enemy’s strategies can one hope to defeat them.

Incident response preparedness saved businesses an average of $2M in the event of a data breach.

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