21 August 2017
visit www.avoka.com

Surge in online phishing - MessageLabs

19 April 2004  |  9689 views  |  0 Surge in online phishing - MessageLabs

There has been a vast increase in the number of phishing e-mails in circulation over the past six months, according to online security services firm MessageLabs.

Swiss bank Basler Kantonalbank is the latest to warn its customers of the scam e-mails, which claim to be from legitimate banks but direct recipients to a replica Web site where they are asked to enter personal security data that is used to make fraudulent online transactions.

MessageLabs says it recorded 279 scam e-mails in September 2003 but by March 2004 this figure had risen to 215,643. The number of phishing e-mails peaked at 337,050 in January 2004.

In the UK, customers of Barclays, NatWest, Lloyds TSB and Halifax have been targeted, while in North America, customers of TD Canada Trust, Citibank, Ebay's PayPal and Visa have fallen for the scam. Customers of the four main banks in Australia - ANZ, Westpac, National and Commonwealth - have also been targeted.

Mark Sunner, chief technology officer, MessageLabs, claims the increase in the number of phishing e-mails is evidence that the number of individual scams has also risen dramatically.

"For targeted organisations the impact can be high - including lost productivity, customer confusion and complaints, damage to the brand and legal implications. For individual users, the financial losses can be excessive. If allowed to continue unchecked, online phishing scams threaten to undermine confidence in e-commerce as a whole," says Sunner.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

E-mail fraud and phishing growing in incidence and sophistication

E-mail fraud and phishing growing in incidence and sophistication

17 February 2004  |  7147 views  |  0 comments
Cyota launches anti-phishing service

Cyota launches anti-phishing service

27 January 2004  |  5237 views  |  0 comments
NatWest resumes normal service after phishing scare

NatWest resumes normal service after phishing scare

10 December 2003  |  6151 views  |  0 comments
'Phishing' scam hits the Halifax

'Phishing' scam hits the Halifax

27 October 2003  |  7851 views  |  0 comments
NatWest customers targeted by e-mail scam

NatWest customers targeted by e-mail scam

24 October 2003  |  6366 views  |  0 comments
UK consumers urged to protect against e-mail scams

UK consumers urged to protect against e-mail scams

22 October 2003  |  5030 views  |  0 comments
LloydsTSB latest target for fraudulent e-mails

LloydsTSB latest target for fraudulent e-mails

25 September 2003  |  5517 views  |  0 comments
Banks warned to step up defences against Web spoofers

Banks warned to step up defences against Web spoofers

19 September 2003  |  4725 views  |  0 comments
New Zealand police warn of new net banking scam

New Zealand police warn of new net banking scam

02 September 2003  |  7259 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11323 views comments | 25 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9533 views comments | 22 tweets | 29 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9418 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9168 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9079 views comments | 10 tweets | 8 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job