Online banking fraud falls despite phishing surge News - PC Advisor
In 2007, total losses for online banking fraud were £22.6m - a decrease of 33 percent from 2006, when they totalled £33.5m.
But, while losses from bank fraud have fallen, the numbers of targeted phishing attacks and spyware scams has exploded this year. The UK payments association said there were 20,682 reported phishing incidents in the first half of 2008 - an increase of more than 180 percent from the same period last year.
Fraudsters are turning to phishing attacks to trick online banking customers into divulging their account details, because the banks' own systems have proved difficult to attack, Apacs said. Spyware is another popular method for criminals to retrieve online banking details from unsuspecting users.
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Friday, July 25, 2008
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