Security firm notes sharp increase in SMS phishing attacks

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As more users turn to their mobile devices to conduct business, researchers are tracking a significant uptick in SMS phishing attacks that can lead to financial and identity theft.

The scams work by sending victims text messages that direct them to call spurious numbers thought to be banking institutions, credit card services or even government agencies.

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Written by: l33tdawg at https://news.hitb.org/content/security-firm-notes-sharp-increase-sms-phishing-attacks

MarkMonitor Releases Q2 2012 Fraud Intelligence Report

The MarkMonitor Fraud Intelligence Report for the second quarter of 2012 is now available. According to the report, Phish attack volume rose 7% from the previous quarter to 177,369 attacks. A four-quarter rising trend has resulted in an 82% increase from Q2 2011.

Quarterly Trend of Phish Attacks – Q2 2011 to Q2 2012

Other findings reported:

Growth in Targeted Brands Continues – The number of targeted brands increased 2% from the first quarter to 601. This extends a growth trend over three quarters.

Attacks per Brand Also Continued to Grow Over the Last Four Quarters – Attacks per brand volume grew 4% from Q1 2012 to 295. A rising trend over four quarters has resulted in a 51% increase from Q2 2011.

Payment Services Gaining on Financial Sector as Most Popular Phishing Sector – The Financial sector continued to be the most phished industry, accounting for 34% of phish attacks, but the Payment Services sector came in a close second with 32% of attacks. Payment Services phish continued its sharp rise from Q4 2011, growing 59% in Q2 2012 to 56,937 attacks, 138% above its level a year earlier.

ISP and Government Phish on the Rise – ISP phish continued a four quarter growth trend, increasing 24% in Q2 2012 to 10,315 attacks for year-over-year growth of 470%. Government sector phish continued its growth from Q4 2011, increasing 43% from the previous quarter to 3,210 attacks and was 77% above its level from a year ago.

Brands from Five Countries are Targeted by Almost 90% of Phish Attacks – The top five targeted brand countries in Q2 2012 were the U.S., China, the U.K., Brazil and Italy, which together accounted for 89% of phishing attacks. Phishing attacks targeting American brands continued to increase their share, growing to 66% from 59% in the previous quarter, while attacks targeting Chinese brands continued to decrease their share, declining to 8% from 13%.

Five Countries Host Almost 70% of Phishing Attacks – The top five phish-hosting countries — the U.S., Germany, the U.K., Canada and Brazil — accounted for 69% of phishing sites this quarter.

For more detail, download the report here:

MarkMonitor Fraud Intelligence Report, Q2 2012


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