Internet phishing scams increased by 81 per cent in first half of 2006
In the first half of this year alone there were almost 160,000 attempts to dupe people with phishing attacks according to new figures from security speciastlist Symantec. This represents an 81 per cent increase on the previous six months which experts are blaming on the more sophisticated tactics being used by fraudsters to beat existing security measures.
Phishing is the way that criminals commit online identity fraud, stealing internet users' online identities and gaining access to bank accounts and other personal information. Globally, there are now over 850 attempts by phishers to get this personal information every day.
The financial sector is the most heavily phished with attacks against this sector likely to produce the greatest monetary gain for fraudsters.
Phishing activity that targeted Internet service provider (ISP) accounts made up the second largest percentage of attacks during the six-month period. The third most widely phished industry in the first half of 2006 was retail, which is mostly made up of online retailers or e-commerce sites.