One in five phishing attacks target banks

Kaspersky urges caution as financial institutions increasingly targeted

Tags: Cyber crimeKaspersky Lab
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One in five phishing attacks target banks Banks and financial institutions represent over 20% of phishing attacks, according to Kaspersky Lab.
By  Stephen McBride Published  July 3, 2013

Every fifth phishing attack registered between May 2012 and late April 2013 targeted users of banks and other financial organisations, according to cyber security specialist Kaspersky Lab.

The figure emerged from research into the evolution of phishing threats carried out by Kaspersky Lab using data from its cloud-based Security Network.

According to the findings, 20.64% of all phishing threats registered between May 2012 and April 2013 were aimed at accounts of banks and other financial organisations worldwide.

Kaspersky Lab suggested the data was indirectly confirmed by banks. The company referred to the results of a global survey conducted in spring 2013 by itself and B2B International, in which approximately 37% of banks surveyed were affected by phishing attacks at least once over the previous 12 months.

"It's no surprise that banking and e-commerce has attracted unwanted criminal attention: even a successful attack on search pages, social networks or email can only yield personal data," Kaspersky said in an emailed statement.

"To turn a profit, cybercriminals must find buyers for this information. However, successfully using fake online banking or shopping pages leads directly to earnings for the scammers.

"But despite the widespread dangers of phishing attacks, simply installing a security product with the necessary functionality to protect financial operations will protect even the most inexperienced users when conducting transactions online."

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