- News & Events
August 2, 2013
After analyzing trillions of emails, Agari, which publishes a report called the TrustIndex, concluded that the customers of companies in the financial services sector are being hit with a barrage of phishing emails – up a startling 122 percent in just the last 90 days.
Carmel DeAmicis on Pandodaily.com reports, “Scammers increasingly target banking customers via email, pretending to be their financial institution. Then the scammers can get personal information and in some cases account details from users.”
Security expert Pat Peterson pointed out that there was no lack of phishing attacks in the first quarter of 2013. So why the increased effort? The answer is simple. The attacks are working. “They’re getting people to click, getting into people’s accounts, and plowing their efforts into the pay off.”
While the TrustIndex study only looked at major banking institutions, DeAmicis writes “the results have implications for all the startups competing in the payment space (as well).”
Peterson notes, “The fact that criminals are paying a hell of a lot more attention (to) those companies even if they aren’t Fortune 500 is also a great wakeup call for those businesses. If they’ve got a valuable customer base the criminals will use that brand to go after (it).”
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Posted by Dan Rampe
Tags: Account Takeover, Account Takeover Fraud, Bank Fraud, Botnets, CNP fraud, Cookieless Device Identification, Cookies, Credit Card Fraud, Cyber attacks, Device Detection, Device Fingerprinting, Device ID, Device Identification, Fraud Prevention, Identity theft, Malware, Malware Protection, MitB, Mobile fraud, Online Fraud, Phishing, PII, ThreatMetrix, ThreatMetrix Global Trust Intelligence Network, TrustDefender Cybercrime Protection Platform, Web Fraud