One third of phish­ing at­tacks in 2013 aimed at steal­ing money -Study

Daily Trust - - IT WORLD - By Zakariyya Adaramola

About 31.45 per cent of phish­ing at­tacks that oc­curred in 2013 were aimed at steal­ing money from leading banks, on­line stores and e-pay­ment sys­tems, a study from Kasper­sky Lab has said.

Cy­ber­crim­i­nals tried to ob­tain con­fi­den­tial user in­for­ma­tion in or­der to steal money from bank ac­counts last year, Kasper­sky Lab’s study Fi­nan­cial cy­ber threats in 2013, said.

It said cy­ber­crim­i­nals are try­ing harder than ever to ac­quire con­fi­den­tial user in­for­ma­tion and steal money from bank ac­counts by cre­at­ing fake sites mim­ick­ing fi­nan­cial or­gan­i­sa­tions.

Phish­ing is a fraud­u­lent scheme used by cy­ber­crim­i­nals to ob­tain con­fi­den­tial user data with the help of fake web pages im­i­tat­ing In­ter­net re­sources. Un­like ma­li­cious soft­ware cre­ated for par­tic­u­lar op­er­at­ing sys­tems, phish­ing at­tacks threaten all de­vices which can ac­cess web pages. That is why they are so pop­u­lar with scam­mers.

“Phish­ing sites aimed at har­vest­ing users’ fi­nan­cial de­tails mainly use the brand names of pop­u­lar on­line stores, e-pay­ment sys­tems and on­line bank­ing sys­tems. In 2013, the most at­trac­tive tar­gets were banks, which were used in 70.6% of all fi­nan­cial phish­ing. That’s a sharp in­crease from 2012 when bank phish­ing rep­re­sented just 52%. Over­all, fake bank web­sites were in­volved in twice as many (22.2%) phish­ing at­tacks in 2013”, it said.

Sergey Lozhkin, Se­nior Se­cu­rity Re­searcher at Kasper­sky Lab said: “Phish­ing at­tacks are so pop­u­lar be­cause they are sim­ple to de­ploy and ex­tremely ef­fec­tive. It is of­ten not easy for even ad­vanced In­ter­net users to dis­tin­guish a well-de­signed fraud­u­lent site from a le­git­i­mate page, which makes it even more im­por­tant to in­stall a spe­cialised pro­tec­tion so­lu­tion. In ad­di­tion, phish­ing causes rep­u­ta­tional and fi­nan­cial dam­age to or­gan­i­sa­tions that see their brands ex­ploited in phish­ing at­tacks.

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