Feeds

FCO warns over bogus credit crunch relief phishing email

Fraudsters adapt methods to hard-up times

Internet Security Threat Report 2014

The Foreign and Commonwealth Office (FCO) has warned Brits and others to ignore a phishing scam currently circulating around the internet.

Scam emails attempt to trick users into submitting personal data, in exchange for a chance to benefit from a fictitious "Recession Relief Programme Fund". The bogus emails purport to come from Foreign Secretary David Miliband and feature subject lines such as "Global economic crisis relief aid", as explained in an FCO warning here, issued on Monday.

The stimulus package announced by government leaders at the G20 conference last month makes the attempted FCO-themed fraud timely, without making it any more plausible. Most internet savvy users would smell a rat a mile off, but it only takes a tiny fraction to respond to make the ruse worthwhile for cybercrooks. Trend Micro notes the ploy is similar to "Obama Stimulus Check" scam emails spammed out in January.

Phishing scams began as an attempt to trick the gullible into handing over login credentials for online banking or PayPal accounts under the guise of security checks.

Over the years the brands targeted by such attacks have expanded to include a much wider range of e-commerce outlets, and more occasionally, as with the latest example, posing as messages from government departments. Government-themed phishing scams used to offer tax refunds but now we're seeing examples of supposed grant offers, another sign that fraudsters are adapting to the recession.

Phishing scams in general are more frequently targeted towards consumers, but businesses are not immune to getting taken to the cleaners either. ®

Internet Security Threat Report 2014

More from The Register

next story
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.