More than a million users were duped by phishing attacks last year, compared to the year before.
Internet security experts are gathering at a secretive conference later this week to strategise in their fight against cybercriminals.
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.
In a twist on phishing, cybercrooks are hijacking instant-messaging (IM) accounts to lure people to their information-thieving Web sites.
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.
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.
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.
Software filters that are designed to block access to fraudulent Web sites are largely ineffective at protecting against new attacks, according to security experts.
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.
Online fraud scams are increasingly turning their sights to credit unions, according to a new report.
Spammers and online fraudsters are exploiting Web site features to learn more about their victims and better hone their attacks.
special report Phishing attacks may have slowed, but their sophistication is increasing at a rapid pace.
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.
A security start-up is borrowing a technique from the research labs to try to give Internet Explorer PCs relief from Web-based attacks.
Phishing scams work on an embarrasingly low percentage of users -- but apparently that's enough to keep them profitable.
Google Chrome OS demonstration
Vice President of Product Marketing Sundar Pichai gives a virtual tour of Google's new operating system, Chrom… Watch it now
Malcolm Turnbull's ghost twitterer
At the Sydney Media140 conference several weeks ago, Opposition Leader Malcolm Turnbull admitted he doesn't pe… Watch it now
Surf the Net like it's 1991 with Gopher
The old Gopher protocol is not dead. In fact, it even has Twitter! Here's how to access it.… Watch it now
Having problems with complex data center? Simplify your data center now.
Sick of broken tender sites
Cyberwar: What is it good for?
Is wholesale-only backhaul just a pipedream?
What makes you click?
Tell us for a chance to win a $1,000 GAME gift voucher.
Click here for more.
Optus Deal
Broadband + home phone + PlayStation®3 in a single package price!
Click here for more!
Best Laptops
Check out the best laptops here!
Click here for more.
