Phishing


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Phishing

The illegal practice of attempting to steal an identity by setting up a website and encouraging people to input credit card or other personal information. Phishing often purports to present a legitimate web business and asks the "customer" to give personal information in order to receive fictitious products. Alternatively, phishing may involve a criminal sending out e-mail purporting to be from a bank or credit card company asking for information as part of an "urgent" request. Phishers then steal the identity directly or sell to another party for illegal purposes.

Phishing.

Phishing is one way that identity thieves use the Internet to retrieve your personal information, such as passwords and account numbers.

The thieves' techniques include sending hoax emails claiming to originate from legitimate businesses and establishing phony websites designed to capture your personal information.

For example, you may receive an urgent email claiming to come from your bank and directing you to a website where you're asked to update or verify your account number or password. By responding you give identity thieves an opportunity to steal your confidential information.

Phishing is difficult to detect because the fraudulent emails and websites are often indistinguishable from legitimate ones and the perpetrators change identities regularly.

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In order to protect themselves from phishing, Kaspersky Lab experts advise users to take the following measures:
Thus far, the phishing sites have primarily targeted Facebook, but the social network isn't the only site the attackers have their eyes on.
Much of the literature published on phishing discusses the employment of detection strategies to mitigate phishing attacks.
Phishing operation is conducted via executing a malware on user's system.
In addition, phishing causes reputational and financial damage to organizations that see their brands exploited in phishing attacks," commented Sergey Lozhkin, Senior Security Researcher at Kaspersky Lab.
In the period of January to June this year, the volume of phishing incidents almost doubled since the same period last year in India and Middle East.
The fourth type of phishing is in fact a mixed-model--the phishing/malware danger.
There are several free products that fight phishing by disclosing whether the Web site you contact is legitimate:
Many not only are protecting their internal systems, but also are looking to launch educational campaigns via mail and company Web sites to inform customers, consumers and associates about the potential dangers that lurk in the murky waters of phishing.
Some estimates place the cost of phishing at over $2 billion just over the last 12 months.
Phishing is the distribution of e-mail messages that appear to be from a legitimate source but in fact fraudulently obtain private financial information such as passwords and Personal Information Numbers (PINs).
A financial services research organization has launched a new initiative to address the phishing problems that have been plaguing the sector.