Report shows need for caution in web browsing

Kaspersky Lab’s ‘Spam and Phishing in Q2 2018’ report demonstrates that in order to protect their money, users should be extremely cautious about their security when browsing the internet. Attacks on customers of financial organizations, including banks, payment systems and e-shop transactions, is a continuing trend in cybercrime, involving the theft of money, as well as […]

Kaspersky Lab’s ‘Spam and Phishing in Q2 2018’ report demonstrates that in order to protect their money, users should be extremely cautious about their security when browsing the internet. Attacks on customers of financial organizations, including banks, payment systems and e-shop transactions, is a continuing trend in cybercrime, involving the theft of money, as well as personal data. By creating fraudulent pages of banking, payment or shopping sites, intruders harvest sensitive information from unaware victims, including their name, password, email addresses, phone numbers, credit card information and PIN code.

The second quarter of 2018 flustered users of financial services, with nearly a quarter (21.1 percent) of attacks featuring banks, followed by e-shops (8.17 percent) and payment systems (6.43 percent). Brazil remained the country with the largest share of users attacked by phishers in the second quarter of 2018 (15.51 percent). This was followed by China (14.44 percent), Georgia (14.44 percent), Kirghizstan (13.6 percent) and Russia (13.27 percent).

Furthermore, there were almost 60,000 attempts to visit fraudulent web pages featuring popular crypto-currency wallets and exchanges from April to June 2018. In addition to traditional phishing, which helps access victim accounts and private key information, cybercriminals try to force their victims to independently transfer crypto-currency to them. One of the tactics is free distribution of the crypto-currency, while another is for scammers to exploit the names of new ICO projects to raise funds from potential investors. Using these two tricks, Kaspersky Lab estimates that intruders earned more than $2.3 million, even without taking into account any revenues from classic phishing schemes.

“The permanence of attacks targeting financial organizations reflects the fact that more and more people are using electronic money,” said Nadezhda Demidova, lead web content analyst, Kaspersky Lab. “Still, not all of them are sufficiently aware of the possible risks, so intruders are actively trying to steal sensitive information through phishing.”

Other key findings in the report include:

Phishing:

  • The main targets of phishing attacks have remained the same since the end of last year. They are primarily global internet portals and the financial sector, including banks, payment services and online stores.
  • In comparison with Q1, the share of attacks on financial organizations decreased by 8.22 percent, while targeting IT companies increased by 12.28 percent.

Experts advise users to take the following measures to protect themselves from phishing:

  • Always check the link address and the sender’s email before clicking anything.
  • Before clicking any link, check if the link address shown is the same as the actual hyperlink the link will take you to – this can be checked by hovering your mouse over the link.
  • Only use a secure connection, especially when visiting sensitive websites. As a minimum precaution, do not use unknown or public Wi-Fi without password protection. For maximum protection, use VPN solutions that encrypt your traffic and remember, if you are using an insecure connection, cybercriminals can invisibly redirect you to phishing pages.
  • Check the HTTPS connection and domain name when you open a webpage. This is especially important when you are using websites which contain sensitive data – such as sites for online banking, online shops, email, social media, etc.
  • Never share your sensitive data, such as logins, passwords or credit card information, with a third party. Official companies will never ask for this type of data via email.
  • Use a reliable security solution with behavior-based anti-phishing technologies to detect and block spam and phishing attacks.

Read the full ‘Spam and Phishing in Q2 2018’ report on Securelist.com. Read more on tailored solutions to protect your credit union.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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