Business Protection Secret with Social Engineering Coverage Quote
If you're concerned about safeguarding your business from the often-overlooked threats of social engineering attacks, you'll want to browse options that offer comprehensive coverage and protection to ensure your operations remain secure and resilient.
Understanding Social Engineering and Its Impact on Businesses
Social engineering is a tactic used by cybercriminals to manipulate individuals into divulging confidential information, often leading to unauthorized access to business systems and data breaches. Unlike traditional hacking, which relies on technical skills, social engineering exploits human psychology, making it a potent threat to businesses of all sizes. According to a report by the FBI, social engineering attacks, including phishing, were responsible for losses exceeding $1.8 billion in 2020 alone1.