phishing_tactics

phishing_tactics - W H I T E PA P E R Fraud Alert: Phishing...

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WHITE PAPER Fraud Alert: Phishing — The Latest Tactics and Potential Business Impact
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WHITE PAPER + Introduction 3 + Phishing Knows No Limits 3 + Be Aware of the Latest Phishing Schemes 4 Spear Phishing 4 Business Services Phishing 4 Phishing that Plays on Economic Fears 4 Blended Phishing/Malware Threats 4 Man-in-the-Middle SSL Stripping 5 Texting and Mobile Phone Phishing Scams 5 + How Phishing Could Impact Your Business 5 + Protecting Your Business 5 Consumer and Employee Education 7 + Conclusion 7 +G lossary 7 + Learn More 7 + About VeriSign 7
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WHITE PAPER 3 Fraud Alert: Phishing — The Latest Tactics and Potential Business Impact + Introduction As one of the top cyber crime ploys impacting both consumers and businesses, phishing has grown in volume and sophistication over the past several years. The down economy is providing a breeding ground for new, socially-engineered attempts to defraud unsuspecting business people and consumers. With honest money-earning avenues less available, the cyber crime ecosystem is ready with off-the-shelf phishing kits. It no longer takes a hacker to enable and commit fraud on the Internet — anyone with a motive can join in. The potential impact on a business can be great — whether an employee or its customers have been phished, or the company Web site has been compromised. Organisations need to stay current on the latest methods employed by cyber criminals and proactively take steps to prevent this type of fraud. This fraud alert highlights the current growth and trends in today’s phishing schemes, the potential impact on companies, and insight into how businesses can apply technology to protect themselves and their customers. + Phishing Knows No Limits Phishing — luring unsuspecting users to provide sensitive information for identity or business theft — is a serious threat for both consumers and businesses. In the last decade since phishing arrived on the scene, this fraud method has been growing rapidly, with one estimate citing approximately 8 million daily phishing attempts worldwide. 1 Figure 1. Spear-Phishing Attacks on the Increase Infonews.co.nz, March 2, 2009
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WHITE PAPER 4 The Anti-Phishing Working Group (APWG) reported that unique phishing attacks submitted to APWG rose 13 percent during the second quarter of 2008 to more than 28,000. 2 It also reported that, during the same period, the number of malware-spreading URLs infecting PCs with password-stealing code rose to a new record of more than 9,500 sites — a 258% increase compared with the same quarter in 2007. Figure 1 shows one area of phishing — spear phishing — and its growth over a 16-month period. + Be Aware of the Latest Phishing Schemes
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This note was uploaded on 12/08/2009 for the course IS 474 taught by Professor Andrwe during the Three '09 term at Queensland Tech.

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phishing_tactics - W H I T E PA P E R Fraud Alert: Phishing...

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