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How does social engineering work? What kind of information do they use to prepare?

How does it work? What kind of information do they want? One page paper.

a. http://money.cnn.com/2012/08/07/technology/walmart-hackdefcon/index.htm

b. http://www.symantec.com/connect/articles/social-engineeringfundamentals-part-i-hacker-tactics

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