Feeds

Chinese puzzle hampers banks' phishing fight

Ni hao

  • alert
  • submit to reddit

SANS - Survey on application security programs

Banks seeking to have phishing websites located in China taken down face a language barrier. According to senior IT security staffer at a merchant bank, China's security response team's sole staffer speaks Mandarin only.

Understaffing has seldom been a problem in the world's most populous country but a group of IT security staffers we spoke to at a First Tuesday event in London last night told us that China's CERT team was a one-man operation, at least in terms of how it appeared to those outside the country. "Luckily we had a Chinese speaker on staff that was able to speak to the chap who did whatever it is he does. The site was taken down quite quickly," a IT security staffer from Deutsche Bank told El Reg.

International response to taking down fraudulent websites varies enormously by country, we understand. A phishing website hosted in China or Russia can reappear in Cuba or elsewhere minutes after the first site is taken down. This is a key concern for banking security personnel, who - despite the limited financial losses to UK banks due to phishing attacks - are concerned about the potential of phishing attacks to tarnish brand reputations and turn consumers away from ecommerce. ®

Related stories

UK banks launch anti-phishing website
UK police issue 'vicious' Trojan alert
Botnets trawl for phishing victims
Phishing for dummies: hook, line and sinker

Combat fraud and increase customer satisfaction

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.