24 February 2018
Visit www.capgemini.com/worldreports

Phishers targeting company executives

31 January 2008  |  11323 views  |  0 biometric  face pointer

Cyber fraudsters are increasingly conducting targeted phishing attacks against high-level executives in order to glean confidential information that can be used to gain illegal access to company bank accounts.

A new report released by the Anti-Phishing Working Group (APWG) shows that the number of corporate brands hijacked by phishing fraudsters hit record levels in November 2007, with financial services continuing to be by far the most targeted industry sector.

A massive 93.8% of all phishing spam attacks were aimed at banks in the month of November. The APWG also noted increases in the number of financial institutions being targeted in Europe and the Middle East.

However the stats show that the number of phishing campaigns fell during the month to 28,074, down from 31,650 recorded October. APWG says this fall was due in part to fraudsters increasing focus on targeted attacks against key corporate personnel "to secure credentials for theft against corporate assets".

Laura Mather, MD, operational policy, APWG, says executives of companies are receiving specially targeted e-mails that attempt to install malware to give the phisher access to the corporations' systems and gain access to the corporations' bank accounts.

Although there was a fall in the number of phishing campaigns in November, the AWPG says the overall number of corporate brands hijacked during the month exceeded all previous records, reaching some 178 financial institutions and government agencies.

The November analysis shows that the number of corporate and government identities being exploited by phishers was up 48% from October and up 2.23% over the previous high in April 2007.

Commenting on the figures, Peter Cassidy, secretary general, APWG, says: "The attack surface is becoming increasingly fragmented as phishing groups identify and exploit technical and social-engineering opportunities to organise scams against financial institutions."

Cassidy says the report "highlights the need to coordinate the collection of data related to electronic crime for forensic applications".

Also in November, China overtook the US as the leading host country for phishing sites. China hosted 24.21% of sites, with the US home to 23.85% and India 9.39%, says APWG.

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

Phishers targeting phishers

Phishers targeting phishers

25 January 2008  |  7866 views  |  0 comments
Natwest most targeted by phishers

Natwest most targeted by phishers

23 January 2008  |  7923 views  |  0 comments
Dutch cops arrest 14 ABN Amro customers as phishing mules

Dutch cops arrest 14 ABN Amro customers as phishing mules

20 December 2007  |  8616 views  |  0 comments
Phishing losses hit $3.2bn in 2007 - Gartner

Phishing losses hit $3.2bn in 2007 - Gartner

17 December 2007  |  13025 views  |  0 comments
US consumers lose billions to online scams

US consumers lose billions to online scams

07 August 2007  |  9217 views  |  0 comments
Phishing figures worry FSA

Phishing figures worry FSA

14 December 2006  |  12805 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Register for the webinarvisit www.swift.com/your-needs/instant-paymentsvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11771 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10319 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8545 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8073 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7762 views comments | 10 tweets | 14 linkedin