Social Engineering Attacks in Online Banking‐ Analysis of Trends and Prevention
Keywords:
Social Engineering Attacks, Attackers’ Medium, Psychological Traits, Online Banking Theft, Linkage of Personal Information, Debit card Hacking, and Credit Card Hacking.Abstract
Proliferation of digital mode of payment has replicated in more transaction and
information sharing through electronic media. This has given rise to the hackers who
resort illicit means to amaze wealth. Social engineering is a recent hazard which is
widespread across the globe. In India, the prevalence of social engineering is very extensive
with the increasing digitalization of financial transactions. It is imperative that the trends
are to be analysed and suitable mitigation techniques to be suggested to prevent this evil.
This paper aims at first identifying which psychological traits on online users are more
vulnerable, secondly, the most used medium of attack. Finally, to suggest the best possible
control measure’s for Social engineering attack.