The marketplace for phishing toolkits, which can allow technophobe criminals to quickly and easily set up spoofed versions of banking Web sites, is booming, with kits changing hands for as little as US$30.
In a twist on phishing, cybercrooks are hijacking instant-messaging (IM) accounts to lure people to their information-thieving Web sites.
Phishers are more frequently using instant messaging (IM) services instead of e-mail to trick corporate and home users into revealing personal information, according to the Anti-Phishing Working Group.
The online banking system of Westpac was crippled several times and its customers were the target of a phishing attack but the bank has denied the two incidents were related.
Phishers have started exploiting technologies such as Voice over IP and RSS to hook more victims while law enforcement authorities are being overwhelmed by the sheer volume and sophistication of attacks, according to the CEO of Websense.
Just as Internet users learn that clicking on a link in an e-mail purporting to come from their bank is a bad idea, phishers seem to be developing a new tactic -- launch a DDoS attack on the Web site of the company whose customers they are targeting and then send e-mails "explaining" the outage and offering an "alternative" URL.
It took help from three security experts, Citibank's spokesperson, dozens of e-mails and almost a full working day of investigation to confirm that an e-mail I had seen from Citibank was not actually a clever phishing attempt.
Online fraud scams are increasingly turning their sights to credit unions, according to a new report.
Software filters that are designed to block access to fraudulent Web sites are largely ineffective at protecting against new attacks, according to security experts.
Phishing attacks have increased in quantity and quality over the past two months, according to research published by the Anti-Phishing Working Group on Monday.
The rise in online identity fraud has companies on the hook: Either educate customers or lose them.
The Australian Bankers Association is still grappling with two-factor authentication for Internet transactions and has almost hit a "brick wall" in its anti-fraud efforts.
Phishing scams work on an embarrasingly low percentage of users -- but apparently that's enough to keep them profitable.
A security start-up is borrowing a technique from the research labs to try to give Internet Explorer PCs relief from Web-based attacks.
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