Feeds

Phishing gets personal

Harpoons replace trawlers in hunt for victims

  • alert
  • submit to reddit

Seven Steps to Software Security

Fraudsters are using stolen information to lure victims into divulging additional sensitive information in a new form of phishing attack. These so-called personalised phishing attacks target individual named accountholders at specific banks, according to anti-fraud software firm Cyota.

Crooks are using real information about the accountholder – such as the person’s name, correct full account number, and other bank information – to make the emails look more legitimate and thereby increase response rates. The approach contrasts with typical phishing attack where fraudsters randomly dispatch thousands of spam emails without the slightest attempts to target their attacks.

Personalised phishing attacks seek to supplement existing lists of stolen credentials with even more sensitive information, such as ATM PIN numbers or credit card CVV codes.

"This highly coordinated, two-phase fraud attack demonstrates the lengths that fraudsters will go to maintain a high rate of success, and the need for constant innovation among banks and their security providers to match the continuing evolution of online threats," said Amir Orad, executive VP of marketing at Cyota.

The company advises consumers not to follow links within emails ostensibly from their bank or online merchant requesting personal or account information. Instead, users should go directly to the site concerned to verify a request or complete the transaction. ®

Related stories

Brits fall prey to phishing
Phishing morphs into pharming
AOL seeks to block phishing sites
Fear of phishing hits e-commerce

Mobile application security vulnerability report

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Mozilla fixes CRITICAL security holes in Firefox, urges v31 upgrade
Misc memory hazards 'could be exploited' - and guess what, one's a Javascript vuln
BMW's ConnectedDrive falls over, bosses blame upgrade snafu
Traffic flows up 20% as motorway middle lanes miraculously unclog
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.