Security Market Segment LS
Monday, 20 November 2017 09:47

Financial phishing scams up sharply from a year ago


Financial phishing scams, which target online payment systems, banks and retailers, now account for nearly half (49.77%) of all phishing attacks, up from 34.33% in 2015, security company Kaspersky Lab says.

This year, the company found that China, Australia and Brazil were particularly vulnerable with up to 28% of users targeted.

The company released statistics for phishing before the year's two big US shopping days and ahead of the silly season which is fast approaching.

It said the statistics covered the period from the fourth quarter of 2016 right up to 18 October this year.

The company said its data came from the "heuristic anti-phishing component that activates every time a user tries to open a phishing link that has not yet been added to Kaspersky Lab’s database".

phishing map

The percentage of users on whose computers Kaspersky Lab’s heuristic anti-phishing system was triggered as a proportion of the total number of Kaspersky users in that country, Q1-Q3 2017.

The data has been presented either as the number of attacks or the number of attacked users and covers all regions where Kaspersky has users.

The statistics collected showed that there was generally a rise in financial phishing in the approach to Black Friday, which this year falls on 24 November.

The following Monday, known as Cyber Monday, a term created by marketers for the Monday holiday in the week after the US festival of Thanksgiving, is a big day for online shoppers. It is also big for Australian shoppers.

Kaspersky tied the rise in financial phishing to the rising number of payments made on mobile devices.

phishing stats

The change in the share of different types of financial phishing in 2013-2017.

"The use of smartphones for online banking, payment and shopping has doubled in a year, and mobile users will have less time to think and check each action, particularly if they are out and about," the company said.

During the shopping and festive seasons, a mass of promotional emails, offers and ads, which were often browsed on smartphones, meant a small screen to view them on and the degree of distraction when viewing such messages on the move contributed to the rise in success rates for attackers, Kaspersky said.

Attackers were found to be using popular brands to target users, but the use of online payment system brands was roughly equal.

Graphics: courtesy Kaspersky Lab

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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