What is social engineering?

Social engineering is when fraudsters don’t hack systems —
they manipulate you into doing it for them.

They use:

  • fear
  • urgency
  • trust

Real-life scenarios

Scenario 1: “Bank employee”

— Hello, this is the Bank Security Service
— Suspicious activity detected on your account
— Provide the code to immediately cancel transaction

Actually: You are personally authorizing the fraudster's transaction.

“Message from a friend”

— I need urgent help
— Send money

Reality: Your friend’s account is hacked.

“Investment / winnings”

— You made profit

— One need to verify an account
— Enter the code

Reality: You give access to your account or card.

Techniques used by fraudsters

  • Urgency – verify now
  • Fear – your funds are at risk
  • Authority – I am from Bank / Security Service
  • Trust – I am your acquaintance / colleague

Goal: stop you from thinking

Red flags of Fraud

If someone:

  • calls and scares you
  • demands an urgent decision
  • asks for a code, password, or transfer
  • forbids you from "hanging up"

These are scammers.

What to do

  • End the call
  • Contact the bank yourself (from an official number)
  • Verify the information through your acquaintance (if they are writing on their behalf)

Never act under pressure

The most dangerous mistake

“He spoke so confidently, I believed him”

Scammers are trained to speak convincingly.

This is their job.

Remember

  • Banks never ask for a code over the phone
  • No one has the right to demand urgent actions with your money

If you are being rushed — you are being deceived