Phishers target personal data, cash

2014-04-03 14:33
Kaspersky Lab does analysis of malware threats at its offices in Moscow. (Duncan Alfreds, News24)

Kaspersky Lab does analysis of malware threats at its offices in Moscow. (Duncan Alfreds, News24)

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

kalahari.com

Cape Town - Cyber crooks are pushing up their efforts to target financial information, a report on their activity suggests.

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.

In SA, there are common frauds using Sars or branded goods to lure consumers looking for bargains.

News24 often receives complaints from individuals who have had their bank accounts compromised by unscrupulous operators.

One scam involves a bidding website modelled on a legitimate platform and once you have entered your credit card details, the scammer hits your account with withdrawals of up to R600 per day, in some instances.

Banks targeted

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.

However, the phishing method of attack has proved to be effective at duping people, especially as more South Africans make use of the internet.

"Phishing attacks are so popular because they are simple to deploy and extremely effective. It is often not easy for even advanced internet users to distinguish a well-designed fraudulent site from a legitimate page, which makes it even more important to install a specialised protection solution," said Sergey Lozhkin, senior security researcher at Kaspersky Lab.

Social networks

The company also found that criminals are increasingly turning to social network platforms, luring users to reveal logon details on a fake Facebook site.

In 2013, 35.39% of phishing attacks were attributed to social networking sites and a cyber criminal could, in theory, hijack your Facebook profile to exploit your friends and family with demands for cash.

Such a successful attack may also expose a person to identity theft where a criminal could eventually assume the victim's identity for a range of online services.


- Follow Duncan on Twitter
- News24

Read more on:    kaspersky lab  |  e-commerce  |  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
4 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 
Traffic
Lottery
 
  • Tuesday Kuils River - 18:48 PM
    Road name: Polkadraai Road Eastbound
    ROADWORKS between the R102 Van Riebeeck Road and the R310 Baden Powell Drive exit
  • Tuesday Muizenberg - 10:59 AM
    Road name: Main Road Both Ways
    ROADWORKS with stop/go controls at Atlantic Road - expect peak time delays (until July 2015)
 
More traffic reports...
 

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

2 TV Series for R250

Get 2 TV Series box sets for R250 and save up to R148! Offer valid while stocks last. Shop now!

Pre-order the Xbox One

Get this all-in-one entertainment system with live TV, movies, social networking and gaming. Pre-order now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer 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

BlackBerry Bold 9780

BlackBerry 6 Engage your world with BlackBerry 6 OS on the...

From R3049.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

It may be hard to avoid an argument or heated conversation today. Someone may be stirring things up and testing your patience. ...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.