Learning to Collaborate and Share Cyber Threat Intelligence in the Fight Against Social Engineering Fraud Facilitated by Human Error

Abstract

This article is intended for in-house counsel to help create greater awareness of social engineering fraud, the need for collaboration and sharing cybersecurity threat intelligence and to help cascade commonsensical good hygiene practices for inoculating their companies, customers and suppliers from becoming victims of social engineering fraud. Social engineering fraud is defined by the International Police Organization (“INTERPOL”) as:- “… a broad term that refers to the scams used by criminals to trick, deceive and manipulate their victims into giving out confidential information and funds.”