Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Media Alert; Phishers Now Taking a Multilingual Approach

  • 27 April, 2006 14:09

<p>RSA Security’s Anti-Fraud Command Center (AFCC) has tracked significant growth in phishing attacks targeting financial institutions in non-English speaking countries over the past six months. While the overall number of phishing attacks has only slightly increased over that time, attacks on non-English speaking targets now account for almost 40 percent of the total.</p>
<p>The AFCC has shut down over 10,000 phishing attacks hosted in 70 different countries, giving an excellent indication of developing trends. Its fraud specialists have noticed an increase in the number of attacks against European countries – including Spain, Germany and Italy, as well as the Netherlands, Scandinavia and France.</p>
<p>Emails are even sent in local dialects, such as Catalan in Northern Spain, with the fraudulent websites designed to effortlessly bypass local protection mechanisms such as back-of-ATM-card matrix of random numbers, scratch cards with random access codes, or lists of one time transaction access numbers held by the bank’s customers.</p>
<p>A combination of the increase in the number of online banking users in Europe and Asia Pacific, banks offering increased functionality as part of online services, and the sophistication and resources available to fraudsters are all believed to be contributing to this trend. Also, as larger institutions implement stronger defenses, fraud continues to migrate – phishers have already moved downstream to smaller financial institutions in the U.S., and are now moving across borders and expanding their global reach.</p>
<p>RSA Security’s fraud analysts have also detected postings in online fraudster communities suggesting that local crime rings that are familiar with the way local banks work in the various countries are requesting phishing attacks on European targets. In other words, there is a surge in demand for European banks’ phished credentials.</p>
<p>Researchers at the AFCC have also conducted analysis into the source of phishing attacks in some of the most frequently targeted countries. Their research shows that the origin of phishing attacks often varies considerably, and includes a wide range of host countries. For example in the UK, less than half of phishing attacks originate in the US, with 20 percent coming from Korea, 7 percent from Germany, 4 percent from the UK and 3 percent from Thailand, India, Morocco, Sweden, France, Israel and China.</p>
<p>In Spain, 37 percent of phishing attacks are instigated in the U.S., 20 percent in Germany, 7 percent in Korea, 5 percent in Japan, 4 percent in Australia and 3 percent in France and China. Other European countries hosting attacks targeting Spain make up 15 percent and other Asia Pacific countries constitute 6 percent. This demonstrates the international, networked nature of the online fraud industry, and indicates the breadth of the expertise available to fraudsters.</p>
<p>The primary phishing targets worldwide continue to be English-speaking countries such as the U.S. and the UK, followed by Australia, South Africa and Canada. The US, for example, sees over 50 percent of worldwide attacks.
# # #</p>
<p>Media Contact:</p>
<p>John Back
Kinetics
(02) 9212-3848
john@kinetics.com.au</p>

Most Popular

Brand Post

Most Popular Reviews

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Latest Articles

Resources

PCW Evaluation Team

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?