23 October 2017
visit www.atos.net

Surge in online phishing - MessageLabs

19 April 2004  |  9746 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  |  7194 views  |  0 comments
Cyota launches anti-phishing service

Cyota launches anti-phishing service

27 January 2004  |  5295 views  |  0 comments
NatWest resumes normal service after phishing scare

NatWest resumes normal service after phishing scare

10 December 2003  |  6181 views  |  0 comments
'Phishing' scam hits the Halifax

'Phishing' scam hits the Halifax

27 October 2003  |  7905 views  |  0 comments
NatWest customers targeted by e-mail scam

NatWest customers targeted by e-mail scam

24 October 2003  |  6421 views  |  0 comments
UK consumers urged to protect against e-mail scams

UK consumers urged to protect against e-mail scams

22 October 2003  |  5091 views  |  0 comments
LloydsTSB latest target for fraudulent e-mails

LloydsTSB latest target for fraudulent e-mails

25 September 2003  |  5567 views  |  0 comments
Banks warned to step up defences against Web spoofers

Banks warned to step up defences against Web spoofers

19 September 2003  |  4782 views  |  0 comments
New Zealand police warn of new net banking scam

New Zealand police warn of new net banking scam

02 September 2003  |  7326 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
16848 views comments | 20 tweets | 34 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14203 views comments | 22 tweets | 30 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10434 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10105 views comments | 13 tweets | 10 linkedin

Featured job

circa £250K total package
London

Find your next job