The presentation looks at how fraud is committed through social engineering opportunities that can be exploited. It opens with simple, real-life examples and continues with the cognitive issues that make organizations susceptible to fraud and identifies emerging trends in exploitation with the conclusion illustrating dynamic fraud using a case where the fraudsters undertook reconnaissance through open-source intelligence, develop relations by impersonating staff through e-mail, exploited that relationship and executed a fraud that among other things diverted resources. The course should give participants:
-awareness of how vulnerabilities are exploited
-understanding of social engineering fraud risks
-ability design controls/prevention strategies