Another major factor to consider is the rapid growth in phishing attacks and
financial crime malware - password stealers, keyboard loggers, downloaders,
banking Trojans and the like. All of these are designed to steal financial
account logins, credit card accounts and other personal identity information to
help make their fraud efforts more effective.
According to the Anti-Phishing Working Group, the number of crimeware-spreading sites infecting PCs with password-stealing crimeware reached an all-time high of 31,173 in December 2008, an increase of 827% from the start of the year. They also reported that a financial crime malware survey in Q308 of 4,141,000, corporate and end user PCs revealed 181,000, or 4%, were infected with password stealers, keyboard loggers, downloaders or banking Trojans.
Phishing continues to be a significant threat. In the peak month of October 2008, there were 34,758 unique phishing reports from 27,739 unique phishing Web sites. Of these, 84% targeted payment services and financial brands and 61% contained some form of the bank or credit card company name in URL. (Source: Anti-Phishing Working Group Second Half 2008 Report.)
By migrating to EMV bank cards and making the cards an active part of online transaction authorization and financial logins, the information gathered from these attacks could be rendered useless to the thieves in the U.S.
| << Back to Fraud Migrating to the US? | Next: Serious Look at EMV >> |
| Identity Matters
|
| Secure and Convenient Banking
|