Sevenfold increase in phishing attacks

Tuesday, 29 June 2004, 7:21 PM EST

Online fraud watchers reported nearly 1,200 new phishing attacks in May, and warned that the number is rising.

The Anti-Phishing Working Group (APWG), which monitors the internet scams, said that nearly 40 new attacks were seen every day in May, representing a 700 per cent increase since January this year.

Most commonly, phishers use spoof emails to trick recipients into handing over bank account or other financial details. Spoofs claiming to come from US banks rose 170 per cent in May month on month.

By Gareth Morgan at vnunet.com

[ Read more ]




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