Adam Smith would most likely oppose a plan for government bailouts for failing corporations. *
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<u>Authority, familiarity, trust, consensus, scarcity, urgency, intimidation, and social proof</u> are the factors that contribute to the effectiveness of social engineering techniques.
<h3><u>How does social engineering work?</u></h3>
A wide variety of malevolent behaviors carried out via human interactions are referred to as social engineering. It uses psychological trickery to persuade people to breach security or divulge private information. Attacks using social engineering take place in one or more steps.
A culprit first looks into the target in order to obtain background information, such as possible avenues of entry and lax security measures, needed to carry out the attack. The attacker then makes an effort to win the victim's trust in order to offer motivation for later actions that violate security protocols, including disclosing private information or allowing access to vital resources.
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