SOURCE: Internet Identity

Internet Identity

May 10, 2011 10:07 ET

IID Finds Phishing Attacks Rise Year Over Year -- Fears Spear Phishing Increase

Internet Identity's Q1 eCrime Report Also Shows Uptick in Phishing Attacks Impersonating Larger National Banks

TACOMA, WA--(Marketwire - May 10, 2011) - IID (Internet Identity), a provider of technology and services that help organizations secure Internet presence, today released its First Quarter eCrime Trends Report that revealed phishing attacks in Q1 2011 increased significantly compared to Q1 2010. According to IID, criminals utilized phishing scams 12 percent more from January to March 2011 than during the same period a year ago. IID expects this increased phishing activity and recent Internet security breaches to result in more spear phishing attacks, a sophisticated form of e-mail fraud targeting a specific person or organization.

"As we've seen with recent attacks against Sony's PlayStation Network and Epsilon, cyber criminals now have inside information about tens of millions of customers to use in highly targeted phishing campaigns," said IID President and CTO Rod Rasmussen. "The worry is that with all of this specific data, cyber criminals have all they need to convince people to share their highly valuable personal information. Organizations must ensure they are taking every measure to stop these attacks, including blocking access to phishing sites and command and control domains for malware that exfiltrates data. This should be done with e-mail filtering, firewalls and secure domain name system resolvers."

Other findings in IID's report include:

  • Phishing attacks impersonating national banks increased 11 percent from Q4 2010 to Q1 2011. National banks include those run by a country or operating nationally.
  • Much of the bank phishing attacks increased against those based outside the United States
  • Rogue mobile applications utilizing the likeness of banks were downloaded hundreds of thousands of times

Sources of data and background for the IID 2010 First Quarter eCrime Trends Report include IID's own security experts and some of the world's leading security and Internet infrastructure organizations like ICANN (Internet Corporation for Assigned Names and Numbers) and APWG (Anti-Phishing Working Group). The report, along with past eCrime studies, can be found at www.internetidentity.com/resources/trend-reports.

About IID
IID (Internet Identity) has been providing technology and services that secure the Internet presence for an organization and its extended enterprise since the company was founded in 1996. It recently started delivering the industry's first and only solution for detecting, diagnosing and mitigating domain name system (DNS) and border gateway protocol (BGP) security and configuration issues for an organization and its extended enterprise. IID also provides anti-phishing, malicious software (malware) and brand security solutions for many of today's leading financial services firms, and e-commerce, social networking and ISP companies, and more. The company is working hard to deliver solutions that help keep the Internet safe and trusted for businesses. IID is headquartered in Tacoma, Washington. More information can be found at www.internetidentity.com.

Contact Information

  • Contact:
    Andrew Goss
    VOXUS Inc. (for IID)
    253.444.5446
    Email Contact