Monday August 26, 2019
Home Lead Story Phishing Atta...

Phishing Attacks Remain Top Threat to Financial Services Organisations and Customers

The goal of phishing is to trick the recipient of a malicious email into opening and engaging with it

0
//
Phishing, Attacks, Threat
The study by cloud delivery network provider Akamai Technologies found that 50 per cent of all unique organisations impacted by observed phishing domains were from the financial services sector. Pixabay

Criminals seem to be recycling old attack methods as a new report has found that phishing attacks remain the top threat to financial services organisations and customers.

The study by cloud delivery network provider Akamai Technologies found that 50 per cent of all unique organisations impacted by observed phishing domains were from the financial services sector.

The goal of phishing is to trick the recipient of a malicious email into opening and engaging with it.

The “sender” of the email deceives the victim by making the email appear to be sent from a reputable source, such as a government department, a supplier, or a customer of the business.

Phishing, Attacks, Threat
Criminals seem to be recycling old attack methods as a new report has found that phishing attacks remain the top threat to financial services organisations and customers. Pixabay

The phishing email may have a malicious attachment, like a PDF or Word document, that, once opened, will harm the user’s computer by installing malware.

Or, the phishing email will contain a malicious URL link in its body. When the user clicks on that link, they might be directed to a site that appears legitimate, but in actuality it is used to collect confidential information such as usernames and passwords, or to install malware onto their device, according to Akamai.

The report indicates that between December 2, 2018 and May 4, 2019, nearly 200,000 phishing domains were discovered, and of those domains, 66 per cent targeted consumers directly.

In addition to unique phishing attempts, adversaries also leveraged credential stuffing attacks to the tune of 3.5 billion attempts during an 18-month period (November 2017 to
April 2019), putting the personal data and banking information of financial services customers at risk, said the “State of the Internet/Security Financial Services Attack Economy” report.

Also Read- Conclave of Himalayan States Urge Centre for Development of New Tourist Destinations, New Central Ministry

In credential stuffing, bad actors use real credentials stolen from a third-party resource. They take advantage of a common habit of people using the same credentials for different online accounts.

“We’ve seen a steady rise in credential stuffing attacks over the past year, fed in part by a growth in phishing attacks against consumers,” said Martin McKeay, Security Researcher at Akamai.

“Criminals supplement existing stolen credential data through phishing, and then one way they make money is by hijacking accounts or reselling the lists they create. We’re seeing a whole economy developing to target financial services organisations and their consumers,” McKeay added. (IANS)

Next Story

Mosquitoes Pose Threat to More Than Half the World’s Population

Many species of mosquito feed on the blood of various hosts and ingest pathogens, meaning their bites can transfer diseases directly

0
Mosquitoes, Threat, World
Below are 10 ways that the mosquito — Spanish for "little fly" — has affected humans and methods to mitigate the risks. VOA

A warmer climate, travel and trade are helping to spread mosquito-borne diseases as a deadly beast smaller than a paper clip poses a threat to more than half the world’s population.

World Mosquito Day on Tuesday commemorated the discovery in 1897 by British doctor Ronald Ross that female mosquitoes transmit malaria between humans, but the World Health Organization (WHO) warns progress against malaria is stalling.

Below are 10 ways that the mosquito — Spanish for “little fly” — has affected humans and methods to mitigate the risks:

1. Many species of mosquito feed on the blood of various hosts and ingest pathogens, meaning their bites can transfer diseases directly into the blood of hosts. This has made mosquitoes one of the deadliest animals in the world.

Mosquitoes, Threat, World
A warmer climate, travel and trade are helping to spread mosquito-borne diseases as a deadly beast smaller than a paper clip poses a threat to more than half the world’s population. Pixabay

2. Mosquito bites result in the deaths of more than one million people every year with the majority due to malaria, and the WHO warns nearly half of the world population is at risk. In 2017, malaria caused over 435,000 deaths.

3. About 90% of all malaria deaths occur in Africa. Currently in Burundi, more than half the population is infected with malaria.

4. Malaria cases continue to spread in countries including Uganda, where the Ministry of Health this week announced a 40% increase in instances of the disease this year to 1.4 million.

5. Dengue fever is a viral disease widely spread in tropical regions that 2.5 billion people are at risk of contracting. Up to 100 million new infections are estimated to occur annually in more than 100 countries.

Also Read- Group of Activists Trying to Persuade International Conservation Conference to Ban Trophy Hunting

6. Most mosquitoes only fly an average of 400 meters. It is often humans, not mosquitoes, that carry a disease across communities and countries. The mosquito blamed for transmitting the Zika virus breeds in car tires, tin cans, dog bowls and cemetery flower vases.

7. After Zika spread to the United States in 2016, experts warned that more life-threatening diseases could be carried from the tropics.

8. Up to one billion additional people, including those in the United States and Europe, could be exposed to mosquito-carried viruses by 2080 if the climate continues to warm, according to U.S. research released earlier this year.

Mosquitoes, Threat, World
World Mosquito Day on Tuesday commemorated the discovery in 1897 by British doctor Ronald Ross that female mosquitoes transmit malaria between humans. Pixabay

9. If you have ever wondered why mosquitoes are more attracted to certain people, research published in the PNAS scientific journal demonstrated that some people are able to emit masking odors that can naturally repel mosquitoes.

Also Read- Apple Card Now Available to all U.S. Customers

10. Hitting mosquitoes where it hurts — their eggs — is one way of controlling pesticide-resistant insects. North and Central American scientists in 2016 came up with a trap to trap eggs using two pieces of an old tire. (VOA)