Phishing Fraud Cases Growing in the UK


Now this is a massive growth, 8000% percent..woah!

Thankfully losses are still ‘modest’ whatever that means, I guess although the attacks grow in
number, awareness an education also increases (in places like UK anyway) so the risk is fairly well mitigated.

UK incidents of phishing scams have grown 8,000 per cent over the last two years, according to the government’s financial watchdog authority. Although losses remain modest compared to other forms of financial fraud, banking security experts speaking before the House of Lords science and technology committee are concerned about the growing prevalence of scams designed to trick consumers into handing over online banking credentials.

The numbers are massively higher as recorded in the UK, and as they say detection quality has also gone up, so that would lead to higher figures. That means as always, the statistics could be in reality rather inflated.

Between January and June 2005, 312 phishing incidents were recorded, a figure that shot up to 5,059 for the first half of 2006, according to figures from UK banking payment organisation Apacs. Improved detection rates are partly behind the increase but even so the growing sophistication of scammers is leading to heavy losses from UK banks.

Apacs security chief Philip Whitaker told peers that scammers had transformed phishing scams from a cottage industry into an industrial process.

As always phishing is on the up, so be wary!

Source: The Register

Posted in: Phishing, Spammers & Scammers

, , , , , , , ,


Latest Posts:


GKE Auditor - Detect Google Kubernetes Engine Misconfigurations GKE Auditor – Detect Google Kubernetes Engine Misconfigurations
GKE Auditor is a Java-based tool to detect Google Kubernetes Engine misconfigurations, it aims to help security & dev teams streamline the configuration process
zANTI - Android Wireless Hacking Tool Free Download zANTI – Android Wireless Hacking Tool Free Download
zANTI is an Android Wireless Hacking Tool that functions as a mobile penetration testing toolkit that lets you assess the risk level of a network using mobile.
HELK - Open Source Threat Hunting Platform HELK – Open Source Threat Hunting Platform
The Hunting ELK or simply the HELK is an Open-Source Threat Hunting Platform with advanced analytics capabilities such as SQL declarative language, graphing etc
trape - OSINT Analysis Tool For People Tracking Trape – OSINT Analysis Tool For People Tracking
Trape is an OSINT analysis tool, which allows people to track and execute intelligent social engineering attacks in real-time.
Fuzzilli - JavaScript Engine Fuzzing Library Fuzzilli – JavaScript Engine Fuzzing Library
Fuzzilii is a JavaScript engine fuzzing library, it's a coverage-guided fuzzer for dynamic language interpreters based on a custom intermediate language.
OWASP APICheck - HTTP API DevSecOps Toolset OWASP APICheck – HTTP API DevSecOps Toolset
APICheck is an HTTP API DevSecOps toolset, it integrates existing tools, creates execution chains easily and is designed for integration with 3rd parties.


Comments are closed.