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Writer's pictureDavid Chernitzky

Social Media and Social Engineering: A Growing Threat to Businesses

Updated: Sep 16

Written by: David Chernitzky. 


Table of Contents: 

  • What is Social Engineering 

  • Social Media as an Attack Vector 

  • Social Engineering Techniques 

  • Social engineering in the real world 

  • Defensive Strategies 

  • Physical Security Measures 

  • The Future of Social Engineering 

  • Conclusion 

 

Have you ever been baffled by how a hacker managed to crack your email or other online accounts so effortlessly? It might seem like a mystery, but the truth is that you may have inadvertently provided the keys to your digital kingdom through your social media presence. Cybercriminals are masters of social engineering, and they can leverage the personal information you share on social media platforms to piece together a disturbingly accurate profile of your life, interests, and even your password preferences. 

You're essentially handing over potential password clues on a silver platter by oversharing details about your hobbies, favourite sports teams, pet names, or birthdays. Hackers can use this background information to craft highly targeted phishing attacks or guess your passwords through brute-force attempts. Moreover, they can exploit your digital footprint to impersonate you or your trusted contacts, making it easier to trick you into revealing sensitive information or clicking on malicious links. 

Social media platforms are a treasure trove of personal data leaks, and cybercriminals are constantly developing new tactics to exploit this goldmine. From account impersonation and identity fraud to malware deployment and cryptocurrency investment scams, the risks are numerous and ever evolving. Protecting yourself and your organization requires a heightened awareness of the potential dangers lurking behind every post, comment, or shared photo. 


 




 

What is Social Engineering? 

Cybercriminals have turned to exploiting the most vulnerable aspect of any security system: the human element. This section explores the concept of social engineering, its definition, and how the rise of social media has amplified its potential impact on businesses and individuals alike. 

Definition of Social Engineering 

Social engineering is the psychological manipulation of people into performing actions or divulging confidential information, often exploiting human trust and natural tendencies to be helpful, in order to gain unauthorized access to systems, networks, or physical locations. 

The Rise of Social Media 

Remember MySpace? Now we've got Facebook, Twitter, Instagram, TikTok and many others. The majority of businesses now use multiple social media platforms to showcase products, chat with customers, and grow their brands. But here's the catch: the same features that boost your business also make it a prime target for cybercriminals. 

 

Social Media as an Attack Vector 

Social media platforms have become integral to our personal and professional lives, but they also present significant security risks. Cybercriminals have developed sophisticated techniques to exploit these platforms, turning them into potential attack vectors. 

Gathering Personal Info from Public Profiles 

A senior executive at a Fortune 500 company maintained an active LinkedIn profile, regularly sharing industry insights and company milestones. A threat actor meticulously collected this public information to craft a highly convincing spear-phishing email. The email, purportedly from a former colleague, contained a malware-laden attachment disguised as an industry report. When opened, it compromised the executive's system, potentially exposing sensitive corporate data. 

Building Trust Through Interactions 

A reputable accounting firm fell victim to a sophisticated social engineering attack that unfolded over months. The attacker, posing as a potential client, engaged in numerous LinkedIn discussions and email exchanges with the firm's client services team. After establishing credibility, the "client" shared a link to what they claimed was their company's financial records for an upcoming audit. However, the link led to a credential harvesting page, allowing the attacker to compromise the firm's network and potentially access sensitive financial data of multiple clients. 

 

Social Engineering Techniques 

Social engineering remains one of the most effective methods for breaching even the most technologically secure systems. By manipulating human psychology, attackers can bypass sophisticated security measures. 

Pretexting and Impersonation 

Creating a fabricated scenario and assuming a trusted identity to manipulate victims. This technique aims to build false trust, leading targets to divulge sensitive information or perform actions that compromise security. 

Baiting With Malicious Links 

Luring victims with enticing offers or content containing hidden threats. Attackers use curiosity or greed to trick targets into clicking malicious links, potentially downloading malware or accessing phishing sites. 

Leveraging Social Proof 

Exploiting people's tendency to follow the actions and beliefs of others. Attackers create a false sense of legitimacy through fake endorsements or followers, lowering victims' guards by making deceptions appear credible and widely accepted. 

 

Social Engineering in the Real World 

The below incidents highlight the growing threat of social media account takeovers, how attackers leverage social accounts and the importance of implementing robust security measures, such as strong passwords, MFA and regular security audits, to protect against such attacks. 

Twitter Account Hijacking (July 2022) 

Several high-profile Twitter accounts, including those of Elon Musk, Bill Gates, and Joe Biden, were compromised by hackers who used them to promote a cryptocurrency scam. The attackers exploited vulnerabilities in Twitter's internal systems to gain access to these accounts. 

Facebook Business Page Takeover (March 2023) 

A group of cybercriminals managed to hijack the official Facebook business page of a major airline company. They posted fake promotions and phishing links, leading to financial losses for the airline and potential data breaches for customers who fell for the scam. 

How Private is Your Personal Information? 

A revealing social experiment offers unsuspecting individuals free coffee for liking a Facebook page, then demonstrates how swiftly strangers can gather and recite their personal information, starkly illustrating the risks of oversharing on social media and underscoring the critical need for robust privacy settings and cautious online behavior in our digital age. 



 

READY TO SECURE YOUR BUSINESS? SCHEDULE A CALL WITH OUR EXPERTS TODAY.


 

Defensive Strategies 

Our team of cybersecurity experts have crafted a short list of defense strategies. These practical measures are designed to minimize the risk of cyber attacks originating from employee social media activity and to bolster resilience against sophisticated social engineering tactics. 


Category 

Description 

Employee Awareness and Training 

Ongoing training to educate employees on identifying and responding to social engineering tactics. Interactive training, simulated phishing campaigns, and best practices reinforcement are key strategies. 

Technical Controls 

Implementation of robust technical controls such as email and web filtering, multi-factor authentication, data loss prevention tools, and SIEM solutions. Regular updates and patch management are essential. 

Incident Response and Reporting 

A critical incident response plan involving proper reporting protocols, timely analysis of attack vectors, identification of data breaches, and initiation of response procedures like system isolation and credential resets. 

Privacy Settings and Awareness 

Educate employees about privacy settings on social media platforms. Encourage them to review and adjust their privacy preferences to limit the information visible to the public or unknown contacts. 

Social Media Policies 

Develop clear organizational policies regarding social media usage. These policies should address acceptable behavior, sharing of company information, and guidelines for interacting with external parties online. 

Monitoring and Alerts 

Implement tools or services that monitor social media accounts for suspicious activity or impersonation. Set up alerts for any unauthorized access, unusual posts, or potential phishing attempts. 

Incident Response for Social Media 

Define procedures for handling incidents related to social media. This includes reporting compromised accounts, responding to negative publicity, and managing social engineering attempts. 

 

The Future of Social Engineering 

One of the most concerning emerging trends in social media hacking is the rise of deepfakes. Imagine a scenario where a hacker creates a highly realistic video of you, impersonating your voice and appearance, instructing staff to "update security" by clicking a malicious link or a phone call to your finance manager with your voice asking to transfer a large some of money to a new account. This type of sophisticated social engineering attack could have devastating consequences, compromising your organization's cybersecurity or personal life and causing significant damage. Staying vigilant and educating employees about the risks of deepfakes is crucial in mitigating this emerging threat. 

Secondly, the role of AI is a double-edged sword in social media security. Hackers use AI-powered bot swarms to create fake accounts for phishing at scale, crafting personalized attacks. To fight back, organizations must leverage AI-powered filters that learn normal user behaviour patterns to detect and block suspicious activities like phishing attempts and malicious links. Randomizing social media posts using AI can obfuscate personal information and reduce the risk of targeted attacks. However, as AI capabilities evolve, so do cybercriminal tactics. Staying ahead requires continuous monitoring, updating AI security solutions, and a proactive approach to counter sophisticated social media hacking techniques. 

 

Conclusion 

Social media is your megaphone and your storefront. But it's also a hacker's playground for phishing for information, sensitive information and infect with malware. They use pretexting, baiting, and our own biases against us. The future's wild - deepfakes, AI phishing, But with awareness, verbal passwords, AI filters, you're not just surviving. You're leading the charge. 

Now, I could end with a fluffy "stay safe" line, but that's not my style. Today is the perfect time to hacker-proof your business;  

Download AI-based protective software, use complex, at least 12-character passwords, and enable MFA. Social Media Lockdown. Switch to business accounts and turn on login alerts. 

Ensure your team is trained and cyber-aware. Have a policy and plan for the worst-case scenario; a breach response plan.  

Contact us today for a free 1-hour consultation with one of our cybersecurity experts. There is no time like the present because right now, a hacker might be eyeing your Facebook. Or an AI could be crafting a phish with your latest tweet. Do this, and you're not gambling anymore. You're guaranteeing your business a future where your social media amplifies your brand, not your vulnerabilities. 


FAQ 


Here is a comprehensive FAQ section (10 questions and answers) for the topic "Social media as a hacker's playground", following the provided rules and incorporating relevant terms from the list.

1. What are the main ways hackers exploit social media for malicious purposes? 

Hackers leverage social media for phishing attacks, malicious links, malware deployment, and social engineering tactics to compromise accounts, steal sensitive information, and perpetrate identity fraud. Common threats include account impersonation, oversharing information, and background data leaks. 

2. How do phishing attacks work on social media platforms? 

3. What role do disgruntled employees play in social media hacking? 

4. How can users protect themselves from social media hacking? 

5. What are the risks of using second-hand sales apps on social media? 

6. How can organizations mitigate the risks of social media hacking? 

7. What is the role of two-factor authentication in preventing social media hacking? 

8. How can users protect their digital footprint on social media? 

9. What are some common tactics used in social media hacking? 

10. How can organizations stay ahead of evolving cybercriminal tactics on social media? 


 

Sources: 



David Chernitzky brings over 25 years of cybersecurity experience from the Israeli Defense Forces Intelligence Corps. Under his leadership, Armour Cybersecurity has rapidly grown into a global provider of top-tier cyber protection for small-to-midsized businesses. David also serves on the board of Canadian Friends of Sheba, supporting medical innovation efforts.


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