Psychology of Social Engineering Stats

Social engineering is “the use of deception to manipulate individuals into divulging confidential or personal information that could be used for fraudulent purposes”. It is important to understand that social engineers are extremely skilled at what they do and rely on psychological manipulation to achieve their goals. But is social engineering a real threat? These social engineering statistics prove why we should pay more attention to the people we give our information to.

  • Due to the COVID-19 pandemic cybercrime has increased 600%. Social engineers are shameless so posing as the CDC or WHO in order to steal your information is completely in their wheelhouse.
  • 93% of cyberattacks rely on social engineering tactics. People often forget that a major factor in cybercrime is human error. Remember humans are your weakest link!
  • CEO fraud brings in roughly $12 billion making social engineering an extremely lucrative business. (FBI Internet Crime Compliant Center)
  • Identity theft accounts for 65% of social engineering.
  • Who is most susceptible? It is shown that new employees are most susceptible to social engineering. This shows the importance of security awareness training in new employees.

We live in a society where social engineering is an ever growing threat that business are going to have to adapt to. These social engineering statistics will go a long way in making sure you and your employees are educated about potential threats.

CIT is here and ready to help with your cybersecurity needs.

Corporate Information Technologies provides small to mid-market organizations with expert I.T. services including compliance assessment, cybersecurity penetration tests, and comprehensive business continuity planning services. Corporate Information Technologies can help organizations, quantify, create, refine, and mitigate the risks presented by business threatening disasters in whatever form they may be disguised. 

Contact us to learn more and let us show you how good I.T. can be — Don’t Gamble With Your Security

Sources –Forbes, ABC News, FBI

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