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News Now

CU System
Report Phishing incidents up fewer entities targeted
BEDFORD, Mass. (12/4/08)--Although phishing incidents are on the increase, fewer entities are being targeted by them, according to the October Global Online Fraud Report from RSA's Anti-Fraud Command Center. The total number of attacked entities decreased in October, to the lowest level since November 2007, despite an overall increase in the number of phishing attacks, said RSA. That's because fraudsters are focusing efforts on launching a large number of attacks against a smaller number of organizations, likely with the intent of targeting those with more customers and assets, the company said. Some credit unions and banks are finding themselves targets of recurring phishing attacks with members and nonmembers receiving e-mails, automated robotic phone calls and text messages purporting to be from the credit union. The bogus messages attempt to collect personal information such as account numbers and personal identification numbers. News Now has reported on these incidents as they occur, usually several times a month. Attacks against regional banks accounted for half of the total attacks against U.S. financial institutions, while those against nationwide banks dropped slightly during October, said RSA. While the U.S. continues to retain its position as the top country hosting more than half of the world's phishing attacks, Russia's percentages decreased, dropping that country to seventh place from fourth place. The U.S. and the United Kingdom remained the most widely targeted banking brands, with 73% of all attacks. Poland also entered the list for the first time, and Mexico replaced Columbia as the most targeted Latin American country.
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