Phishers eye SA as 'easy target'

2014-05-12 11:20
Government departments and agencies should not be granted exceptional exemptions to the provisions of Popi legislation, a security firm says. (Duncan Alfreds, News24, file)

Government departments and agencies should not be granted exceptional exemptions to the provisions of Popi legislation, a security firm says. (Duncan Alfreds, News24, file)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

kalahari.com

Cape Town - South Africans are exposed to increased risk in terms of conducting financial transactions online as the country is the second most targeted by cyber criminals, a security expert has asserted.

Globally, SA is the second most targeted country by phishers, and criminals using the technique are determined to steal sensitive data like personal financial information, said Drew van Vuuren, CEO of information security and privacy practice at 4Di Privaca.

The company specialises in security solutions and its research gels with a number of previous studies by industry groups and others which have reported an increase in targeted attacks aimed at stealing personal information.

Phishing is a form of attack where an internet user is directed to a fraudulent website designed to look like a banking or online shopping venue.

Once you input information like username and password, criminals usually close the session or, in some sophisticated cases, direct users to the legitimate site, completing the fraud.

Main target

4Di Privaca said the cost of phishing in SA was $320m in 2013, which accounted for 5% of the global total.

According to a survey conducted by Kaspersky Lab, 45% of phishing attacks were targeted using well-known names of banks and online payment systems.

That was up by 8% on 2012 as criminals pivot toward exploiting personal data harvested from fake websites.

News24 fields a number of calls from disgruntled internet users who have been scammed in sophisticated phishers.

In many cases, the criminals may even follow-up their online scam with phone calls to re-assure victims, posing as Microsoft workers, antivirus company employees and even Sars representatives.

Unlike malware which infects a particular machine, phishing sites can potentially be a threat to any device that opens the website and scammers have been known to employ this technique in conjunction with spam e-mails.

Kaspersky said that in 2013, banks were the main target, used in over 70% of phishing attacks. That's up from 52% in 2012 and just four online payment platforms were used last year: PayPal, American Express, Master Card and Visa.

Banks in South Africa have systems in place to shut down phishing sites, but the process is largely reactive.

"When it comes to phishing... if it's a South African-based website that's actually sending out those mails, the systems that the banks have in place are able to detect those sites quite quickly. Within a short space of time, those sites are actually shut down," Kalyani Pillay, CEO of the South African Banking Risk Information Centre (Sabric) told News24 recently.


- Follow Duncan on Twitter
- News24
Read more on:    cybercrime
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Fashion
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

Something may be bothering you. A flooded mind and impulsive reactions are not a good combination as you are not thinking clearly....read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.