Festive period prey to phishing and social engineering surge

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“It’s almost become a bit of a holiday tradition for bad actors,” said Nick Economidis (pictured), vice president, eRisk, Crum & Forster, who added that fraudsters take their chances when offices are short-staffed, people are away on vacation, and attention is drawn to more pleasant festivities.

“The holidays give bad actors a whole new set of schemes; they have new reasons to send phishing emails and new ways to entice people to click on malicious links or download malware-filled files,” Economidis told Insurance Business. “I saw a phishing email the other day, which said: ‘We’ve got a holiday gift for you. We just need your address so we can send it through. Follow this link to give us your details.’ And if an employee clicks on that link, the bad actors are going to try to plant some malware in their system.”

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