News broke afternoon of a study by Riskified an eCommerce fraud-prevention company, and IntSigns, who collected data on hundreds of thousands of illegal online purchases. The companies found that there was a 297 percent spike in the number of fake retail websites designed to phish for customer credentials from July to September 2017 to that same period in 2018.
Corin Imai, Senior Security Adviser at DomainTools:
“The fact that phishing has risen so sharply suggests that despite the warnings provided to the general public regarding cyber in recent years, carelessness is still costing millions of unlucky victims a year. It’s interesting that University-aged victims are singled out in the report, as they are the ones who should be up to speed with the latest scams. As people who have grown up in an Internet connected world, perhaps their over-confidence online could be their downfall.
People of all age groups as well as organisations need to make sure they exercise extreme caution when opening emails from unknown senders, and should always make sure they check the legitimacy of any domain, or file which they choose to download, particularly where financial information is concerned. Phishing not only affects the victims dramatically, but the data and capital harvested serves as a pipeline for future cybercrime.”
ISBuzz Team embodies the collaborative efforts of the dedicated staff at Information Security Buzz, converging a wide range of skills and viewpoints to present a unified, engaging voice in the information security realm. This entity isn't tied to a single individual; instead, it's a dynamic embodiment of a team diligently working behind the scenes to keep you updated and secure. When you read a post from ISBuzz Team, you're receiving the most relevant and actionable insights, curated and crafted by professionals tuned in to the pulse of the cybersecurity world. ISBuzz Team - your reliable compass in the fast-evolving landscape of information security
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.