Phishing attacks on the rise

Banks continue to be pummelled by scam attacks as criminals try to trick customers into disclosing account information.

Australia is ranked seventh in the world for phishing attacks on banks, according to the Online Fraud Report by RSA, the security division of EMC.

US banks dominated the April survey, with 73 per cent of all brands being phished, while British financial institutions came second with 10 per cent.

Spain was in third spot at 4 per cent, Canada and Italy recorded 3 per cent, while Australia and Mexico were on 2 per cent, ahead of France, Argentina and the Dominican Republic on 1 per cent each.

RSA banking and finance specialist Geoff Noble said RSA’s Anti-Fraud Command Centre only tracked organisations that were members of the eFraud Network, but “it detected scores of individual attacks in Australia, spread across a number of financial institutions big and small”.

Just last week, the Australian Bankers’ Association warned the public about a hoax email claiming that certain banks’ online services had been hacked, and directing customers to a fake anti-fraud website.

“Be very suspicious of emails sent by people unknown to you, often containing spelling mistakes and directing you to a link,” ABA chief executive David Bell said. “These emails should be ignored and deleted.”

Mr Bell said the hoax message had been referred to the Australian High Tech Crime Centre for investigation.

Source: Australian IT

Related Links: RSA FraudAction