R E L A T E D   C O N T E N T
ADVERTISEMENT

Phishing rocks the e-commerce boat

Email scams becoming ever more sophisticated as hackers, ID thieves and virus writers join forces

Dinah Greek, vnunet.com 24 May 2004
ADVERTISEMENT

The number of phishing attempts grew almost 180 per cent last month, and the attacks are becoming increasingly sophisticated, according to a report from the Anti Phishing Working Group (APWG).

Phishing is an email scam using fake websites to steal or exploit a user's banking or credit card details.

A total of 1,125 phishing attacks were reported to the group in April, a 180 per cent increase over March and representing a growth rate of over 75 per month since December 2003.

According to the APWG, this meant nearly 40 attacks per day in the second week of April, representing 4,000 per cent growth since November last year.

"Consumers must continue to be aware, and we expect the next generation of phishing attacks to target anyone involved in e-commerce," a spokesman for APWG told vnunet.com.

It is estimated that around five per cent of people targeted respond to these scams, providing the perpetrators with user names, log-ins, passwords and even ATM Pin codes.

"As hackers, identity thieves and virus writers continue to join forces, these attacks are increasing and becoming much more sophisticated," said Dave Jevans, chairman of the APWG, and senior vice president at Tumbleweed Communications.

"Many are indistinguishable from legitimate email, even for technically savvy recipients, and this continues to pose a significant threat to the financial services and retail sectors."

See also:

Phishing still risingSpoofed email scams up 700 per cent in just five months  29 Jun 2004
MasterCard vs phishersCredit card giant uses NameProtect technology to detect online scams in real time  22 Jun 2004
Estimated 1.8 million US adults conned out of $1.2bn last year  06 May 2004
Phishing arrestsEastern Europeans under arrest as Hi-Tech Crime Unit swoops on addresses in London and Kent  05 May 2004
New tactics are needed in the fight against ever-evolving phishing scams  29 Apr 2004

All Hacking

Like this story? Spread the news by clicking below:

Post this to Delicious del.icio.us    Post this to Digg Digg this    Post this to reddit reddit!

Permalink for this story
R E A D E R   C O M M E N T S

M A R K E T P L A C E
Sponsored links
F E A T U R E D   J O B S
| Aston Carter
Senior C# Agile Web Developer, Online Gaming, London My Client provides adult customers with high quality gambling and gaming services in an environment that is convenient, entertaining, fair, regulated and secure. My Client is one ... more >
| Aston Carter
EMC, NetApps, West London, Media • NetApps FAS ... more >
| Abraxas
Data Analyst / MI Analyst – Leading Online Gaming Company A Data Analyst / Trafficker is sought by a leading online gaming company. The role encompasses all aspects of online advertising including data handling, communicating ... more >
| JAM Recruitment
Field Applications Engineer Power Electronics/Supplies Europe/Based Surrey Permanent Position £35-45k Basic+Bonus 10-15%+Car/Car allowance A global organisation involved with the design and development of power supplies actively requires a Field Applications Engineer to strengthen it existing ... more >
More job opportunities