Phishing scams thrive in the UK
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Peers hear losses set to reach Â£45.7m for 2006 UK incidents of phishing scams have grown 8,000 per cent over the last two years, according to the government's financial watchdog authority. Although losses remain modest compared to other forms of financial fraud, banking security experts speaking before the House of Lords science and technology committee are concerned about the growing prevalence of scams designed to trick consumers into handing over online banking credentials.â¦
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Internet "phishing" scams are  becoming more difficult to detect as criminals develop new ways  to trick consumers into revealing passwords, bank account  numbers and other sensitive information, security experts say.
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Most Britons are taking precautions against identity fraud, a new survey has found.
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More than three out of four (76 percent) consumers are experiencing an increase in spoofing and phishing incidents and 35 percent receive fake e-mails at least once a week, according to a recent national study conducted by Ponemon Institute, a Tucson, Ariz
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Security firm Secunia has warned that most Web browsers are vulnerable to a simple &quot;phishing&quot; technique that could make fraudulent content appear genuine.
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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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Anti-phishing applications, smart cards, and new authentication technologies are vying for your support.
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Online phishing schemes increased significantly in October as financial institutions struggled to combat attempts to steal private account information from online consumers, according to the Anti-Phishing Working Group (APWG).
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Criminals are increasingly trying to   trick citizens into giving them their bank account details,   according to a survey published on Monday which showed such   "phishing" attempts almost doubled in the first six months.
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Phishing "toolkits" and underground Internet chat rooms are making the economics of online fraud so much in favor of criminals that a continued increase in phishing activity is all but certain. -washingtonpost.com
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'Alarming' rise in vishing Fraudsters are turning to VoIP systems to craft more convincing phishing attacks. The FBI's Internet Crime Complaint Centre (IC3) warned last week of an "alarming" rise in the volume of so-called vishing attacks targeting US financial institutions and consumers.â¦
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9 out of 10 crooks use ready-made code Phishing kits are helping to dumb down the process of creating fraudulent websites. Back in the day, setting up a bogus facsimile of a banking site required a modicum of programming skills. No more.â¦
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Slashdot has a warning posted about the existence of a phishing scam directed toward Red Hat users. Read more to see the post. rixdaffy writes &quot;I just received an email from the &#39;Redhat Security Team&#39; telling
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Much of the trouble centered on phishing, a type of attack where fake Web pages are constructed to harvest log-in details, credit card numbers or other personal information. And, oh yes, spam is back.
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Recent "phishing" episodes are still often overlooked by tech-savvy users, but a lesson in history shows how entire nations have been fooled.
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The latest information on phishing indicates that fraudsters are increasingly using malicious software to direct users to their deceptive sites.
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Most phishing attempts come from about 1,000 compromised "zombie" computers owned by broadband customers, and the phishing attacks are likely generated by less than five phishing operations, according to a survey by CipherTrust Inc.