It's time to accept an unpleasant truth.
A special taskforce to hunt down cyber-criminals has been formed by the Australian government together with the finance industry.
As Apple's new gadget sells out across the US, spammers are exploiting the situation by sending e-mails that try to dupe recipients into thinking they have won a brand new iPhone of their own.
Yet again denial-of-service attacks, spam, viruses - driven in part by an apparent war between virus writers - and cybercrime have hit the headlines over the course of the past 12 months.
The latest innovation in identity fraud typically begins with an unexpected e-mail message from a financial institution proclaiming something like: "Your account information needs to be updated due to inactive members, frauds and spoof reports."
The Anti Phishing Working Group suspects that a toolkit, which would allow phishing attacks to be automated, has started circulating on the Internet.
Commonwealth Bank customers have been targeted by phishers in a scam that combines a clever social engineering lure sent over instant messaging application ICQ.
Credit card giant MasterCard announced on Tuesday a new initiative aimed at fighting the growing problem of online fraud, specifically the emerging threat of phishing schemes.
Cybercrooks are spamming e-mail messages to trick people into visiting malicious Web sites that exploit a recent Internet Explorer flaw, experts warned on Thursday.
At least four Australian teenagers have been arrested for their alleged part in an Internet banking scam that has generated millions of dollars.
Online fraudsters are getting smarter and the current round of "phishing scams" may just be the start, according Australian High Tech Crime Centre (AHTCC) head Alastair MacGibbon.
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.
Phishers are using shorter URLs for malicious sites in a bid to lend an air of legitimacy to threatening links.
Swedish bank Nordea has told ZDNet UK that it has been stung for between seven and eight million Swedish krona (around AU$1,500,000) in what security company McAfee is describing as the "biggest ever" online bank heist.
Spammers have discovered ways of working round protocols that were originally designed to kill spam by allowing e-mail gateways to authenticate the origin of any e-mail. This abuse effectively renders the technologies useless, according to security experts.
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