Text Phishing Attacks See Big Drop In Q1

Text-to-phone phishing attacks saw significant a drop in the first quarter of 2010, decreasing 62 percent compared to the previous quarter, according to a new report from security firm Internet Identity (IID).

Even with the drop, the number of credit unions being spoofed in text-to-phone cases stayed the same, meaning these organizations were the most targeted by industry. In these attacks, cyber criminals impersonate companies by text message and try to get people to call a fake interactive voice response (IVR) system designed to steal account information.

One Cybercrime Gang Generated Most Phishing Attacks in

A single cybercrime gang using advanced malware was responsible for two thirds of all phishing attacks detected in the second half of 2009, according to a new report by the Anti-Phishing Working Group (APWG).

The report authors found the Avalanche phishing gang was responsible for 66 percent of all phishing attacks launched in the second half of 2009. Avalanche successfully targeted some 40 banks and online service providers, and domain name registrars and registries.

Hijacked Brands Reach Record Level In Q4

Cybercrime syndicates are expanding the base of brands they exploit for online fraud beyond major financial institutions and online merchants, according to a new report from the Anti-Phishing Working Group (APWG).

The number of hijacked brands reached a record 356 in October, up nearly 4.4 percent from the previous record of 341 in August 2009.

You May Be the Biggest Threat to Your Twitter Account

Twitter initiated a password reset to a bunch of user accounts who were suddenly following a couple of suspicious accounts. These accounts were determined to be involved in phishing scams related to torrent sites.