Industry News October ~ December 2007
 

 
Future Phishing
forbes.com, December 28, 2007

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  • Forget the Nigerian prince. Phishing scams are moving beyond the misspelled, far-fetched ruses that clog your in-box and beg for your bank codes. In the year to come, security professionals are warning of bank code-stealing exploits that are much slicker and more convincing--hidden in guises as harmless as a banner ad on a reputable Web site or a message from a friend on a social network.
     
    Gartner Survey Shows Phishing Attacks Escalated in 2007;
    More than $3 Billion Lost to These Attacks

    businesswire.com, December 17, 2007
    Phishing attacks in the United States soared in 2007 as $3.2 billion was lost to these attacks, according to a survey by Gartner, Inc. The survey found that 3.6 million adults lost money in phishing attacks in the 12 months ending in August 2007, as compared with the 2.3 million who did so the year before.
     
    NGO loses R90 000 in phishing scam
    iafrica.com, December 6, 2007
    Standard Bank will not accept responsibility for a security breech that saw a Cape Town NGO scammed out of more than R90 000 last month. The bank confirmed on Thursday that the NGO fell victim to a phishing attack.
     
    Impact of phishing on the reputation of brands
    net-security.org, November 26, 2007
    Cloudmark announced the results of a survey conducted on its behalf by YouGov, which revealed that public confidence in consumer brands is dramatically affected by phishing attacks, with 42% of people surveyed feeling that their trust in a brand would be greatly reduced if they received a phishing email claiming to be from that company.
     
    Phishing causing real harm to brands
    vnunet.com, November 26, 2007
    Nearly half of the 2,000 respondents to a YouGov survey said that they thought less of a company if they had received a phishing email claiming to represent the business.
     
    Cybersquatters, phishers sharpen tactics for holiday season
    SearchSecurity.com, November 19, 2007
    Cybersquatters and phishers have beefed up their tactics for the holiday season making it difficult for online shoppers and frustrating for many businesses, according to analysts at MarkMonitor, a firm that tracks company brand abuse on the Internet.
     
    Phishing scam taps Salesforce data
    vnunet.com, November 9, 2007
    "A Salesforce.com employee had been the victim of a phishing scam that allowed a customer contact list to be copied," said a letter from the company.
     
    Phishers (Almost) Scam Grocery Giant Out of Millions
    Computerworld, October 24, 2007
    Apparently it's not just unwary individuals that fall victim to online scammers. Even large corporations, it seems, can get suckered into parting with their money by devious phishers.
     
    INTERNET LAW - Cyber-Crime Hits $100 Billion in 2007, Out-earning Illegal Drug Trade
    IBLS, October 15, 2007
    Cyber-Crime has outstripped illegal drug sales worldwide, and analysts estimate online fraud will bring in $105 billion in 2007. Despite the fact that most people know going online poses a risk for becoming a victim of crime, few individuals, companies or even government agencies truly understand the massive scope of the problem.
     
    Phishers must be dealt with or users will go off-line
    computerworld, October 1, 2007
    More attention needs to be paid to security or we risk an abrupt decline in online business and leisure activity, says Symantec's chief technology officer, Mark Bregman. Both enterprises and individuals need to become more security-conscious.
     
     
     
       
         
         
      Untitled Document A brand is much more than a trademark. It's a trustmark! TM

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