Phishing attacks take aim at financial data in Q2

Kaspersky Lab data shows one third of phishing attacks were related to financial services

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Phishing attacks take aim at financial data in Q2 Phishing attacks focus on financial services.
By  Mark Sutton Published  August 15, 2018

Phishing attacks primarily focused on targeting the victim's financial services in Q2 2018, according to data from Kaspersky Lab.

The Kaspersky Lab spam and phishing report showed that 35.7% of phishing attacks were related to financial services and targeting customers through fake banking or payment pages in the second quarter. Attacks focused banks (21.1%), online shops (8.17%) and payment systems (6.43%).

The IT sector was the second hardest hit, with 13.83 of attacks targeting tech companies, which is 12.28 percentage points more in comparison with the previous quarter, according to Kaspersky Lab's ‘Spam and phishing in Q2 2018' report.

By geography, Brazil had the largest number of potential victims, followed by China, Georgia, Kirghizstan and Russia.

In the second quarter of 2018, Kaspersky Lab's anti-phishing technologies prevented over 107 million attempts to visit phishing pages.

Kaspersky Lab said that the continued focus of attacks against financial services reinforces the need for end users to take extra care using online shopping or banking, and to protect their personal data such as their name, password, e-mail addresses, phone numbers, credit card number, and PIN code.

There were almost 60,000 attempts to visit fraudulent web pages featuring popular crypto-currency wallets and exchanges, during the period from April to June. In addition to traditional phishing, which helps to access victim accounts and private key information, cybercriminals try to force their victims to independently transfer crypto-currency to them. One of the tricks is the free distribution of the crypto-currency. Another trick is for scammers to exploit the names of new ICO projects to raise funds from potential investors. Using these two tricks, according to Kaspersky Lab rather rough estimates, over the past quarter, intruders managed to earn at least $2,329,317, even without taking into account any revenues from classic phishing.

"The permanence of attacks targeting financial organizations reflects the fact that more and more people are using electronic money. Still, not all of them are sufficiently aware of the possible risks. So, intruders are actively trying to steal sensitive information through phishing," said Nadezhda Demidova, lead web content analyst at Kaspersky Lab.

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