Catching 'phishers' a WholeSecurity sport

Tuesday, 17 August 2004, 10:37 AM EST

Phishing starts with a forged e-mail apparently from a legitimate company, such as eBay or Citibank, telling the recipient that his or her account information has expired--or something of the sort. The recipient is instructed to click on a link that leads to a fake Web site. The site asks for confidential data such as credit card numbers.

WholeSecurity is among a number of companies developing technology to alert consumers to phishing fraud. Its program, called Web Caller-ID, is already in use at eBay. The online auctioneer has incorporated the technology into its Internet toolbar with a feature called Account Guard. It detects fraud sites purporting to be connected to eBay and its PayPal subsidiary with 98 percent accuracy, according to WholeSecurity. The tool notifies users if they enter such a site.

By Alorie Gilbert at ZDNet.

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