Feeds

Phishers adapt old scams to exploit bank turmoil

Mergers spawn malicious emails

SANS - Survey on application security programs

Scammers are exploiting meltdown in the banking sector in an attempt to trick users into handing over sensitive financial information.

Phishing emails commonly pose as security checks from a prospective mark's bank. The latest generation of the scam imitates communiques about bank mergers.

US consumer watchdog the Federal Trade Commission warned customers on Thursday not to take the bait. The FTC's alert - Bank Failures, Mergers and Takeovers: A "Phish-erman’s Special" - can be found here.

Although phishing scams have been around for at least five years - if not more - there are still plenty of suckers around to keep the scam profitable, even without considering the extra confusion added by the current banking crisis.

Wachovia ranked second on a list of the banks most targeted by phishing attacks last month, according a rating made by Secure Computing prior to its purchase by Citibank.

more than 20,000 fraudulent phishing websites were established in the first half of 2008, almost trebling (up 180 per cent) the figure from 1H07, according to the latest figures from UK banking association APACS. Online banking losses came in at £21.4m for the first six months of 2008, a big increase from £7.5m last year, which APACS blames largely on phishing and spyware-related scams. ®

High performance access to file storage

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
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

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
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.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.