The number of phishing Web sites grew by around 65 percent in December, which experts say is due to the increasing use of easy-to-use phishing kits.
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 an evolution of the phishing phenomenon, cyber-criminals are using the recently patched Windows WMF vulnerability to hook victims without needing the user to visit a bogus Web site.
The number of companies reporting spyware infestation has increased by just under 50 percent over the past 12 months, according to a survey released by Internet security specialists Websense.
A seemingly innocent e-mail from Citibank Australia introducing a new online banking process has been mistaken for a phishing attack.
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.
In three years phishing has transformed from an unknown threat into a multi-million dollar industry; in the next stage of its evolution, phishers will avoid using spam and instead hijack small parts of 'trusted' Web sites in order to bypass anti-phishing tools.
Online fraud scams are increasingly turning their sights to credit unions, according to a new report.
Phishing won't go away, it will mutate with new technology, says the CEO of Web filtering company, Websense.
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