Singapore Details ‘Waves’ of Cyberattacks

Officials and delegates from APEC economies were targeted ahead of last year’s Singapore meeting with malware-laden emails faked so they appeared to have been sent by Singapore government officials on the Organising Committee. Singapore officials have said the attacks were not the first on the country. Although Singapore regularly highlights threats to national security—including Islamic …

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Cupid’s (Possibly) Poison Arrow

Could Valentine’s Day be a phishing day? Internet Security Systems, Inc. reckons so, saying in a press release (no URL available yet) that the number of dating sites across the world has increased by 17 per cent within the last twelve months. ISS reckons this rise “is partly attributed to the increase in malevolent websites …

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Which is Bigger? Porn Or Phishing?

Less than two years ago no one had heard of phishing and getting my editors excited about it as a problem wasn’t a cakewalk. Now, according to a report in SiliconRepublic.com, it’s bigger than porn spam: Since the beginning of this year, the number of phishing scams has risen from 1pc to 8.3pc of the …

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More On Minnow Phishing

Here’s some more on the phishers targeting smaller institutions: The Anti-Phishing Working Group has warned that smaller banks scams are surfacing with increasing frequency. The group’s monthly report warned that “hackers are modifying their attack methods by shifting away from attacking popular or large institutions.” Credit unions are increasingly baring the brunt of this new …

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A Honeypot To Catch A Phisher

Netcraft. the British Internet security consultancy, highlight a new Honeynet Report on Traffic to Phishing Sites, showing that despite months of intensive anti-fraud education efforts by the banking industry a lot of people still click on through to fraudulent phishing sites: The study of phishing scams hosted on cracked web servers from The Honeynet Project …

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Phishing, And Some Advice

I was just reading the new publication put out by the U.S. Financial and Banking Information Infrastructure Committee and the Financial Services Sector Coordinating Council on “Lessons Learned by Consumers, Financial Sector Firms, and Government Agencies during the Recent Rise of Phishing Attacks” (PDF here, page on Treasury website here). A rather wordy title for …

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Beware the phisher’s revenge

Australian Daniel McNamara, who runs the hugely informative anti-phishing website Code Fish Spam Watch says he was today the victim of an attack on his website and his character, by a phishing email. The email, spammed all around, pretends to be from him and says,  Dear Online Banking User, You should be heard about such called …

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Who Is Behind Bagel, NetSky and MyDoom?

Who is behind this latest crop of viruses, and variants on viruses?   Mi2g, a London-based technology security company, reckon that MyDoom and Bagle ”is not the activity of hobbyists but organised criminals” and that Doomjuice.a, which carried the source code of MyDoom.a was “clearly written by the same perpetrators” with the motive of covering their tracks. …

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Counting The Cost Of Online Crime

Phishing is beginning to bite. British police at a high-tech crime congress (noted by USC Annenberg Online Journalism Review) say that 83% of Britain’s 201 largest companies reported experiencing some form of cybercrime. The damage has cost them more than £195 million ($368 million) from downtime, lost productivity and perceived damage to their brand or …

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Phishing And The Future Of Banking

Could phishing kill off online banking?   Probably not, but it’s likely to force greater regulation by central banks and others which will, reckon British-based Internet security consultants mi2g, mean “the next generation of electronic banking may have to rely on deeper layers of authentication that couple passwords with biometric security and smart card authentication.”   Mi2g estimate …

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