Most Read
- SEC Short Sale Rule Could Create a Bubble in Financial Stocks
- Cisco Global Exchange Study Ranks Latency Among Top Success Factors in Competitive Race
- Analytics Help Firms Turn Data Into Opportunity
- Wall Street Outsourcing to New, Exotic Corners of the Globe
- DTCC, Markit to Create Single Point of Derivatives Confirmation
- NYC Financial Firms to Get New Disaster Recovery Data Center in Pennsylvania
- TradeStation Unveils Flat-Fee Commissions for Active Traders
- Trading Desks Turn to Video Game Technology to Speed Analytics
U.S. Banks Are Targets in 60% of Worldwide Phishing Attacks
A new report revealed that 60% of phishing attacks against global banking brands are targeted against U.S. institutions. UK banks trail in second place, although they currently are the victims in just 16% of all cases.
RSA's Anti-Fraud Command Center, which publishs a monthly report on fraud, said the worldwide distribution of organizations attacked remained relatively unchanged in the last few months – although Latin American institutions have joined the list for the first time.
After the United States and the UK, the highest number of attacks were reported against Spain (6%), Italy (5%), Canada (4%), Australia (2%), Colombia (2%), South Africa (2%), Peru (1%) and Costa Rica (1%).
Meanwhile, RSA said attacks hosted under an Internationalized Domain Name (IDN), which can be used to easily spoof a financial institution's Web site, are on the rise. They use alternate alphabets, such as Cyrillic where letters correspond to their Latin counterparts. A spoofed phishing domain based on an IDN can look exactly like a genuine bank's domain written in standard code.
It is the same institutions that continue to be the victims of attacks. Nationwide banks now account for 43% of financial institutions targeted in the U.S. Credit Unions are the victims of 40% of all attacks. But regional banks have witnessed a decline in attacks, at just 17%.
Attacks largely originate in the U.S. (47%) and China (22%). Hong Kong and Germany follow with 7%.
New entries in October to the top 10 list of countries hosting phishing attacks were Switzerland and India, with 3% each.
With phishing and identity theft on the rise, consumer protection has become a bigger priority than ever for U.S. state legislators. More than 200 bills focusing on identity theft are currently pending at state level.
Posted by Melanie Rodier at 05:30 PM
This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
Greg MacSweeny Columns
Greg MacSweeneyIn a Matter of Months, CIOs’ Agendas Turned Upside Down
Early in the summer of 2007, Wall Street was counting its good fortune. In early summer 20...
Former CIO Gavazzi Launches Risk Alert Provider
Where Are They Now? Life After Wall Street
Where Are They Now? Mitchel Lenson, Former Deutsche Bank Group CIO
Larry Tabb Columns
Larry TabbClearing and Settlement Top-of-Mind for Front-Office Execs
In addition to the excitement in the U.S., the real focus is occurring in Europe, where th...
Risk Management IT Comes to the Forefront in the Wake of Subprime Credit Crisis
In a Tumultuous Economy, Wall Street Must -- and Will -- Find a New Model
CHECK THIS OUTNovell Real Time Linux Webcast SeriesIn order to succeed, companies must be able to respond quickly, deliver superior value and quality of service, and carefully manage their costs. In this series of brief webcasts, you will learn how SUSE Linux Enterprise Real Time from Novell enables organizations to respond quicker by delivering low latencies, deliver increased value with fast response times, and better manage costs. |
EventsLive Events:Accelerating Wall Street 2 October 02, 2008 Buy-Side Trading Summit 2008 November 16-18, 2008 |
White PapersLevel 3 Connectivity KitStay ahead of the bandwidth curve. The Level 3 Connectivity Kit provides full resources to help you make informed decisions regarding your network infrastructure. Download the Data Center Networking Strategies for Financial Services Firms White Paper; Business Class Ethernet: Trends in Perspective eBook and BC/DR Best Practices for the Data-Intensive Enterprise Gartner Webcast Surviving and Thriving in a Challenging Market Learn how financial services firms can use customer-centric strategies and tools to maximize client value and loyalty, gain insight into new opportunities, and do more with less, counteracting market volatility. |
Marketplace |
Career CenterReady to take that job and shove it?
|
Most Recent Job Posts:
* Lowe's seeking Manager of IT Research in Mooresville, NC
* Hebrew Senior Life seeking Senior Informatics Analyst in Roslindale, MA * UCLA seeking Programmer/Analyst IV in Los Angeles, CA * T-Mobile seeking Program Manager 3 in Snoqualmie, WA * Comcast seeking Tier 4 CRAN Network Engineer in Chelmsford, MA For more tech jobs in the industry, visit Wall Street & Technology's Career Portal. |









