Bank phishing profits up by 14 per cent

The weakest link in your computer's security isn't hardware or software - it's you. With the rise in popularity of social networks like Facebook, cybercriminals are increasingly employing social engineering techniques to trick...

The weakest link in your computer's security isn't hardware or software - it's you. With the rise in popularity of social networks like Facebook, cybercriminals are increasingly employing social engineering techniques to trick...

Six suspects in UK and Ireland have been arrested in an attempt to end an ongoing banking scam that has hit more than 20,000 bank and credit card accounts and netted around £3 million. The sophisticated phishing scam...

The number of phishing attacks on online banking systems has risen by 26% in the first half of this year. Phishing is the technique that was used to uncover the tens of thousands of Hotmail, Google Mail and Yahoo! Mail passwords...

As the boffins at the Bank of England put the finishing touches to effectively nationalising the Bradford & Bingley over the weekend, I was interested to read a prediction that the continuing credit crunch will trigger a...

Interesting to see that APACS, the bank payments association, reckons that phishing email attacks have gone up by 200 per cent in the first quarter of the year.My own view is that, as phishing gets more difficult, with savvy...

Almost gone are the days when banks were robbed by a bunch of mean looking guys with ram trucks, balaclavas, guns, and get-away cars, holding staff and innocent customers hostage.Prospective robbers now face armed security...

Recent news from the Association of Chief Police Officers (Acpo) that fraud is costing Britain £20bn a year, if not more, underscores the need to bring the latest tools and technologies to the fight against it. Fraudsters are...

RSA, The Security Division of EMC, announced that its 24x7 Anti-Fraud Command Center (AFCC) has uncovered a new phishing kit being sold and used online by fraudsters.This new kit, a Universal Man-in-the-Middle Phishing Kit, is...

Online banking fraud has jumped by 8,000% in the past two years, according to UK regulator the Financial Services Authority (FSA). The FSA told a House of Lords committee that it was "very concerned" about the problem.The biggest...

A new anti-fraud bill has been passed into law for England and Wales. The Fraud Act 2006 received Royal Assent last week and will come into force in early 2007.The new law aims to close a number of loopholes in preceding...

The BBC reports that a surge in "phishing" in the first half of 2006 has produced a sharp rise in the amount of money being lost to online banking fraud. The number of recorded incidents rose 16-fold to 5,059, said the...

Online banking fraud is a fast growing problem according to APACS - The Association of Payment and Clearing Systems - .Losses from online fraud doubled in 2005, hitting £23.2m, due to the rise in email phishing scams. And last...

The Register reports today that "Phishers are seeking to circumvent two-factor authentication schemes using man-in-the-middle attacks. Last October, US federal regulators urged banks to adopt two-factor authentication as a means...

The clearing banks, according to APACS, are suffering from the growing problem of online banking fraud fraud. This doubled in 2005, hitting £23.2m, due to the rise in email phishing scams. And last year internet, phone and...