The video analysis of this week is about the role that social media plays in our lives and how this impact everything around us. In the video John Gill talks about something very important, how the social engineer becomes the easiest way to penetrate a company's data, he claims that it doesn't matter how much you invest in firewall and other similar tools, if the employee provides involuntarily or by lack of training their password to a stranger on the other side of the phone (Gill 2015). Another important issue that is touched in the video is the use of the Cloud and the amount of sensitive and confidential information that is available in these storage systems, and, how without adequate protection this technology instead of helping the company can go in against the entity (Gill 2015).
On the other hand, to becoming more common against corporations, social engineering attacks are also becoming increasingly sophisticated. Despite hackers finding increasingly clever ways to trick workers and individuals into providing valuable company information, companies need to use due diligence to keep two steps ahead of cyber criminals. Attacks on social engineering usually involve some form of psychological manipulation, causing confidential or sensitive information to be handed over to otherwise unsuspecting users or employees (Kelly 2017). Social engineering usually involves email or other contact triggering the victim's panic, anxiety, or similar emotions, causing the victim to disclose sensitive information immediately, click a malicious link, or open a malicious file. Since social engineering requires a human element, it can be difficult for companies to avoid such attacks. Therefore, to prevent or minimize these attacks it very important to avoid the following (Kelly 2017):
ACFE (2016) Fraud Prevention and Deterrence. Retrieved from: https://www.acfe.com/uploadedfiles/acfe_website/content/review/examreview/19-fraud-prevention-programs.pdf
Gill John (2015) Protecting Data and Intellectual Property. Retrieved from: https://www.acfe.com/vid.aspx?id=4294987506
Todd Kelly (2017) 5 Ways to Mitigate Fraud Risk. Retrieved from: https://acfeinsights.squarespace.com/acfe-insights/tag/fraud+risk