Online criminals step up phishing scams
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Criminals are increasingly trying to trick citizens into giving them their bank account details, according to a new survey.
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Several major industry players and law enforcement agencies are collaborating in a new effort to respond to the rapidly growing phishing problem.
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By Chandra Devi  HOAX and scams are getting bolder these days leveraging on high speed technology to get faster and more results.
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Three-quarters of wired Americans have noticed an increase in phishing incidents during the past few months, according to new data.
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INTERNET banking users beware, there appears to be a new "phishing" method about.   The technique, which avoids most detection systems, works after you log on to an authentic site.
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The recent spate of malware attacks propagating throughout the user base of the Skype Internet calling system illustrates a broader trend toward cyber-criminals moving to take advantage of VOIP platforms as they become increasingly popular.
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With one in every 400 emails now a suspected phishing attack, computer users are being encouraged to increase their knowledge, open their eyes, and pay attention.
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Online phishing schemes more than doubled last month, leaving financial institutions struggling to rebuff attempts to steal private account information from customers, according to the Anti-Phishing Working Group.
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Cyber criminals are cashing in on their expertise by offering tool kits that let anyone craft attacks.
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The last 12 months have seen a huge rise in the number of so-called phishing attacks, say security experts.
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Internet companies and law-enforcement agencies said on Wednesday they will work together to track down online scam artists who pose as banks and other legitimate businesses, a practice known as "phishing."
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If you read the news, you'd think that most cyber criminals are lonely, maladjusted teenage hackers stealing credit card numbers from their windowless rooms. But the real damage is being done by organized syndicates, and they're playing for much higher stakes.
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Hackers are finding financial rewards in their actions, and criminals are increasing their dependence on IT. The combination, and the increased technical sophistication of the bad guys, worries a top federal prosecutor.
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Apparently it&#39;s not just unwary individuals that fall victim to online scammers. Even large corporations, it seems, can get suckered into parting with their money by devious&#160;phishers.Case in point: Eden Prairie, MN.-based grocery chain Supervalu, which earlier this year got conned into depositing more than $10 million into two fraudulent bank accounts before recognizing the ruse. Details of the case are contained in court documents filed in connection with two forfeiture cases stemming from the incident.According to federal court filings in the U.S. District Court for the District of Idaho, the fraudulent activity took place in late February and early March this year. In the court filings, Stephen Kilgroff, Supervalu&#39;s vice president of legal affairs, said that on February 26 and 28 the company received two separate e-mails, one purporting to be from an employee at American Greetings Corp. and the second from an employee at Frito-Lay, both company-approved vendors.Both e-mails told Supervalu to send future payments for each vendor to new bank account numbers. In the case of the e-mail that purported to be from American Greetings Corp., Supervalu was advised to send payments to an HSBC account in Miami. The other e-mail advised Supervalu to send Frito-Lay payments to an account at First Security Bank in Rogers, Arkansas.Between Feb 28 and March 3, Supervalu deposited just over $6.5 million via multiple wire-transfers to the HSBC account, thinking that it was sending the money to American Greetings Corp. Similarly, on March 2 it made eight separate wire-transfers to the bank in Arkansas, depositing a total of $3.6 million to an account it thought belonged to Frito-Lay.In addition to the $6.5 million deposited by Supervalu into the HSBC account, an additional amount of $500,000 had been deposited into the same account by a second company, identified as &quot;ROHM&quot; on court documents. No information has been available concerning the second company, and it is not a party to subsequent litigation.Around March 6, according to the filings made by Kilgroff, Supervalu discovered that it had been &quot;induced&quot; into making the transfers to the bogus accounts. Following the discovery of the fraud, Supervalu quickly notified the appropriate law enforcement authorities, who managed to recover nearly all of the money before it could be withdrawn from the accounts.The recovered money is now being claimed by Frito-Lay, American Greetings and Supervalu. In making the claim to the recovered money, Frito-Lay said that it believes the money belongs to Supervalu and said supported that company&#39;s claim to ownership of the misdirected funds.&quot;However to the extent there is any determination that the ownership of these funds changed from Albertsons/Supervalu [the Albertsons grocery chain was recently acquired by Supervalu] to Frito-Lay (as a result of the attempted transfer, the misdirection, or any other development) Frito-Lay makes this claim to these funds in the alternative and subject to any claim of ownership by Albertsons/Supervalu&quot; the company said in an affidavit.A federal judge is expected to rule sometime in November on which firm should receive the recovered funds.A spokeswoman from Supervalu responded via e-mail to a request for comment. &quot;As indicated by the forfeiture complaint filed by the U.S. Attorney&#39;s Office in Boise, Supervalu was the target of attempted financial fraud,&quot; spokeswoman Haley Meyer said. &quot;Due to our internal controls and processes, we were able to quickly discover and report this to the FBI. As a result of the quick work of the Boise FBI Office and the U.S. Attorney, any funds lost are minimal.&quot;Computerworld is an InfoWorld affiliate.&#160;
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Huge crowds in social networking sites draw money-minded malware authors.
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With consumers finally getting wise to phishing attacks, scammers are hitting the phones.The U.S. Federal Bureau of Investigation&#39;s Internet Crime Complaint Center (IC3) warned Thursday that so-called &quot;vishing&quot; attacks are on the rise. These are scams where criminals send an e-mail or text message to a victim, saying there has been a security problem and the victim needs to call his or her bank to reactivate a credit or debit card.&quot;Upon calling the telephone number, the recipient is greeted with &#39;Welcome to the bank of ...&#39; and then [is] requested to enter their card number in order to resolve a pending security issue,&quot; the IC3 said in its alert.In the past few years, inexpensive VoIP&#160;technology and open-source call-center software has made it inexpensive for scammers to set up phony call centers, paving the way for these new types of scams. Security experts say that vishing can be more effective than traditional phishing techniques -- which direct victims to fake Web sites -- because the voice-based attacks have not been as widely publicized.A new vishing scam involves sending text messages to cell phones, instructing victims to contact the fake online bank to renew their accounts, the IC3 said.Those who are unsure whether they have been targeted by this scam should look up the bank&#39;s phone number and call the bank directly, the IC3 advises.Operated in partnership with the FBI and the National White Collar Crime Center, the IC3 is a clearing house for Internet crime complaints.
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Reports suggest phishing gangs are turning to automatic tools to mount more attacks than ever.