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News Now

CU System
Phish attack volume is up but not for CUs
NEW BEDFORD, Mass. (2/25/09)--The volume of phishing attacks detected during 2008 grew 66% over the volume during 2007, said RSA Security Inc. However, attacks aimed at credit unions in the U.S. decreased 33% in December 2008 from the year before. Regional U.S. banks were the most-targeted financial institutions, with nearly 57% of that sector attacked in December--a 9% increase over November 2007. Credit unions accounted for 20% of total attacks, while nationwide banks accounted for 23% of the attacks. RSA attributed the overall increase in phishing attacks to do-it-yourself phishing kits. RSA's December 2008 statistics and report on key phishing trends and analysis for all of 2008 noted several findings:
* The number of phishing attacks detected by RSA's Anti-Fraud Command Center during 2008 totaled 135,426 attacks. That compares with more than 90,000 attacks detected in 2007. * The first half of 2008 signified the peak of attacks initiated by the Rock Phish Gang and other fast-flux initiated attacks. During that period, AFCC detected roughly 80,000 attacks. * Companies in the U.S. accounted for 68% of the worldwide attacks--10 times more than the number of brands attacked in the United Kingdom, which ranked a distant second with 6% of attacks. * During the year, phishing attacks moved to new territories such as South America, Central America and the Asia Pacific region. * In December 2008, the number of phishing attacks detected dropped by more than 20% to 8,040 attacks--the second lowest number of attacks during the year. * The number of financial institutions and other brands attacked during December 2008 dropped by almost 15%, with 178 brands attacked, compared with 207 brands attacked during November 2008.
For more information on the study, use the link.
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