Phishing & Fraud Rising

On the eve of the Infosec Show in London, research from IT security company, RSA Cyota, shows that nearly half of phishing attacks are being focused at internet banks in Europe and Asia.

Reported in Computing Magazine the research shows that 49 per cent of identity stealing scams are now targeting banks in Europe and Asia, with Germany seeing the greatest increase in phishing attacks while the US and UK still suffer the most from fraudulent emails and spoof websites.

"With attacks growing to to 3,400 in March, the study found that 60 per cent of all phishing attacks and spoof bank sites – used to steal customer passwords and log-in details , were hosted in the US, rather than well-known internet crime hotspots such as Russia, China or Brazil.

Some 10 per cent of phishing sites were hosted in the UK, while eight per cent were held in both Germany and South Korea.

According to the report, RSA Cyota blamed lack of action by internet service providers in taking down spoof internet banking sites as the main reason criminals were hosting web sites in Western countries."