The Phisher Kings

No doubt you have received those alluring emails which are written to entice you to click and collect your customer reward from your local drug store. But are you sure that email is really from your drug store? The same lure is also used by phishers. Open any number of ‘global threat’ reports from within the security industry and you’ll note the prominence of phishing as a threat vector in each.

Let’s take a look at what the professionals are saying.

Global Phishing and Internet Crime: Key Takeaways

We’ll start with the Anti-Phishing Working Group (APWG), who issued their Global Phishing Survey: Trends and Domain Name Use in 2016 in late June 2017. The survey provides a look at the backbone of the phisher’s ecosystem: the domains to which they send their unsuspecting victims. Couple this with their Phishing Activity Trend Report Fourth Quarter 2016, and you have all the confirmatory evidence you need to learn that phishing is a growth industry.

The key data points provided by the APWG: “Phishing activity in early 2016 was the highest ever recorded by the APWG since it began monitoring in 2004. Phishing activity in the fourth quarter of 2016 was higher than any period in 2015. The total number of phishing attacks in 2016 was 1,220,523. This was a 65 percent increase over 2015.”

The Federal Bureau of Investigation also released their 2017 Internet Crime Report in late June 2017, which showed an increase in both the number of complaints they received (298,728) and the quantity of losses attributed ($1,450.7M) to those complaints. Keep in mind when reading these numbers that this is just “reported crime.” The Department of Justice estimates that 85 percent of fraud victims do not report their crimes to law enforcement. 

The FBI noted that (Read more...)

This is a Security Bloggers Network syndicated blog post authored by Christopher Burgess. Read the original post at: Cylance Blog

Christopher Burgess

Christopher Burgess

Christopher Burgess (@burgessct) is a writer, speaker and commentator on security issues. He is a former Senior Security Advisor to Cisco and served 30+ years within the CIA which awarded him the Distinguished Career Intelligence Medal upon his retirement. Christopher co-authored the book, “Secrets Stolen, Fortunes Lost, Preventing Intellectual Property Theft and Economic Espionage in the 21st Century”. He also founded the non-profit: Senior Online Safety.

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