Social engineers (AKA scammers) exploit significant vulnerabilities of existing authentication and authorisation processes including passwords, security questions, One Time Passcodes (OTPs) and even modern biometric methods. All methods are susceptible to social engineering.
Prevalence of Social Engineering Attacks
Attackers exploit human psychology to deceive individuals, bypassing traditional security measures.
Exploitation of Vulnerable Customers
Scammers socially manipulate customers into authorising transactions or disclosing security codes.
Failure of Current Authentication Practices
Despite advances, existing methods fail to address the dynamic tactics of social engineering.
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