Financial services companies remain the most frequent targets of online phishing schemes, according to the latest figures released by an organisation working to fight the scams.
Researchers from security firm Sophos have traced the route of a phishing attack that targeted Australian banking customers -- the fraudsters used numerous compromised servers in Korea, the United States and Malaysia. And unlike traditional viruses, malware and phishing attacks are coming armed with the capability to adjust to the level of a user's defence.
Authentication tokens used for online transactions will not stop identity theft, banks have warned as they search for other measures to secure customer accounts.
The move by government, law enforcement and banks to seriously tackle phishing scams is a welcome relief.
The debate over the threat posed by e-mail online banking scams or "phishing attacks" is heating up with security experts accusing banks of ignoring danger signs.
Banks obviously have an interest in making consumers feel safe. They are there to protect the customers' money. They want customers to use their online services, too, because the channel offers a lower cost per transaction than a branch. But giving away free security software to make customers feel safe is probably doing more harm than good.
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.
Have you received a telephone call from your bank asking to 'confirm' a recent transaction? How can you be sure it was actually your bank calling?
Westpac, one of the biggest banks in Australia, experienced multiple hardware failures on Monday and at the end of last week, which caused its online banking service to fall over for hours at a time. What happened to its backup systems?
The motivation for money laundering is greed, and the common gateway is the Internet. How do Australian banks use technology to fight this phantom menace? ZDNet Australia investigates.
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.
Don't expect Internet scams, hackers, trojan horses and the like to vanish overnight. The challenge is for banks and customers to minimise their exposure to losses. But how?
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.
In this special report, ZDNet Australia presents a three-part exclusive video interview with Westpac Bank chief information security officer, David Backley, in addition to tips and reviews for businesses to thwart security attacks.
In this special report, ZDNet Australia presents a three-part exclusive video interview with Westpac Bank chief information security officer, David Backley, in addition to tips and reviews for businesses to thwart security attacks.
In this special report, ZDNet Australia presents a three-part exclusive video interview with Westpac Bank chief information security officer, David Backley, in addition to tips and reviews for businesses to thwart security attacks.
Phishing scams work on an embarrasingly low percentage of users -- but apparently that's enough to keep them profitable.
AVG Internet Security 8.0 provides strong protection against malicious Web sites, but its full-system scans sometimes tax system resources and produce false positives.
While Symantec's protection is solid, the overall user experience within Norton Internet Security 2008 could be much, much better. Not all the features work together and use fewer system resources.
Mozilla Firefox 2 is a winner, beating Microsoft Internet Explorer 7 on security, features, and overall cool factor and deserving our Editors' Choice award.
PC-cillin Internet Security 2006 has a few shortcomings, but overall it's an affordable and feature-packed security suite that reliably defends against online threats.
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