Phishing Getting More Professional To Steal Victims’ Money

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A new report released by Kaspersky found that almost half of all phishing attacks registered by its lab were targeting victims’ money with phishing pages which looked exactly like legitimate banking services. Robert Capps, VP of Business Development at NuData Security commented below.

 

“It’s not much of a surprise that Phishing is still a valid concern for cyber security professionals. The Internet is awash in stolen consumer data ripe for malicious use providing fertile soil in which fraudsters can grow innovative attacks using purloined black-market data. Victims of stolen data are a natural target for phishing since most major data breaches target login credentials, email addresses, and passwords. This dataset is perfect to concoct nearly flawless Phishing attacks, often by impersonating major organizations or financial institutions with which they normally interact online. Just educating the consumer about online risks is an uphill battle. One that inevitably finds even the savviest consumer ensnared in some fraudulent scheme. There are many solutions currently available that could render most Phishing attacks obsolete by devaluing any benefit the fraudsters get out of it.”

 

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