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  Home » Press Release
  MicroWorld Press Release
 
 
   
 
 
MicroWorld - Phishing Touched an All-time High in March - 28 April 2006


MicroWorld Technologies has been reporting a lofty rise in magnitude and strategy of phishing attacks worldwide in the last two months. Now, an analysis by ‘Anti-Phishing Working Group’ reveals that phishing attacks reached an all time high in the month of March with more than 18,000 new unique phishing attempts along with 10,000 phishing websites being added on the Internet. The total number attacks will run into millions, as each of these attempts targeted thousands of computer users.

As reported earlier by MicroWorld, this sudden escalation is partly due to the Tax filing season in United States. According to the APWG report, Financial Services amounted to 90% of the total phishing attempts, giving a clear indication on where lies the interest of phishers. ISPs and Retail chains stood at second and third places respectively. Of countries hosting phishing sites, US topped the list with 35%, China with 12% and Korea in the third place with 9% share.

Phishing is the method of Online Identity theft using Smart Social Engineering or malwares like Trojans and Keyloggers, or sometimes combining both these techniques together.

In the former method, phishers send spoof emails pretending to come from legitimate banks and business houses that carry a link to click on. The link opens up a fake website which looks extremely similar to the official website of the mocked firm. In here, you are asked fill in a form with your personal and financial information, which later gets sent to the phisher.

In the latter operation, computers are infected with Trojans, Keyloggers or Rootkits to capture classified information while the user visits authentic banking or other financial websites. This stolen data will be mailed to a remote hacker through IRC channels or mails. Recently, MicroWorld Technologies had detected a new breed of URL Redirecting Trojans which can reroute users to fake, fraudulent websites even when they type in the correct web address in the browser.

“If you want to counter phishing, you need to tackle spamming first,” says Govind Rammurthy, CEO, MicroWorld. “Because majority of phishing scams spreads via targeted spamming. We at MicroWorld leverage the most advanced spam checking technology using RBL/DUL methods and a series of futuristic Content Filters. To counter phishing specifically, we’ve got highly sophisticated algorithms to identify such mails alongside a consistently updated list of phishing websites.”

With increased user awareness on traditional phishing, online fraudsters are moving more and more towards Keyloggers, IRC backdoors, and ‘URL Redirecting Trojans’ to steal financial data. While they are getting better at their cunningness and technology, any online transaction without foolproof security is an invitation to trouble, at the least.

MicroWorld

MicroWorld (www.mwti.net) is the developer of the world's first Real-Time AntiVirus and Content Security software eScan for desktops and servers. Its communication security software, MailScan is the first comprehensive e-mail scanner for your SMTP/POP3 Mail Server. MicroWorld Winsock Layer (MWL) is the revolutionary technology underlying these products, powering them to several certifications and awards by some of the most prestigious testing bodies, notable among them being Virus Bulletin, Checkmark, TUCOWS, Red Hat Ready, and Novell Ready. Combining their powerful scanner with MWL technology, MicroWorld solutions provide a Real-Time Proactive security for your systems. For network security of enterprises, eConceal Firewall is the latest powerful offering from MicroWorld.

To learn more, kindly visit http://www.mwti.net.

From

MicroWorld
Email: response@mwti.net


 
 





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