IID Reports Rise in Internet Malware, Phishing Group Avalanche Resurfaces

Website security services provider Internet Identity (IID) has released its quarterly security report in which it claims that internet malware is rising unchecked.

According to the Third Quarter eCrime Report released by the company, the number of malware infested websites has increased by 89 percent during the third quarter of 2011 from the second quarter of the same year.

In its research, the company found that FDIC, U.S. Federal Reserve, IRS and NACHA (National Automated Clearing House Association) are the most impersonated organisations on the web.

The company claimed that the rise in the number of malware may be attributed to the Avalanche phishing group resuming their nefarious activities. This is the same group that was responsible for around two-thirds of all the phishing attacks that took place in the second half of 2009.

"We knew Avalanche would resurface and it is apparent that they have made a conscious decision to provide their massive botnet as an infrastructure for hire. The most prevalent use of their network are sites that attempt to get victims to install malware on their computers," said IID President and chief technology officer Rod Rasmussen.

"Cybercriminals are always trying to adapt to the latest security methods and threat awareness, and as an industry we must stay one step ahead of these increasingly sophisticated cyber gangs", he added.