Spoofing

Spoofing deals with information or network security, which is defined as a situation in which an entity or program successfully falsifies data to gain an illegitimate advantage.

This falls into the category of scammers and hacking. Spoofing is the act of disguising an email or other internet communication, making the receiver think that it is coming from one source when it is from another.

Spoofing, in many cases, allow fraudsters into your computer or network by deceit.

This can apply to emails, phone calls, and websites, or can be more technical, such as a computer spoofing an IP address, Address Resolution Protocol (ARP), or Domain Name System (DNS) server.

Spoofing is used to gain access to a target’s personal information, spread malware through infected links or attachments, bypass network access controls, or redistribute traffic to conduct a denial-of-service attack.

This occurs when a hacker pretends to be someone known by a person or network to access sensitive information, often in pursuit of financial gain.

Spoofing can also happen on a more in-depth technical level, such as with DNS or IP address spoofing.

This type of behavior involves a cybercriminal masquerading as a trusted user or device to get you to do something beneficial to the hacker, and detrimental to you.

The basics of spoofing are always the same: The hacker deceives their victims by pretending to be someone they are not.

Hackers frequently use email spoofing to trap victims in phishing campaigns.

Spoofing in Finance

Spoofing can also occur in the realm of finance, which describes a disruptive algorithmic trading activity employed by traders to outpace other market participants and to manipulate markets.

Spoofers feign interest in trading futures, stocks and other products in financial markets creating an illusion of the demand and supply of the traded asset.