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From the July-14, 2010 issue of Credit Union Times Magazine • Subscribe!

Regional Banks Are Favored by Phishers

Regional banks continued to command the attention of phishing fraudsters in February, according to RSA, the security division of EMC.

RSA said in its just-issued March report that regional banks continued to account for the majority of attacks on American financial institutions-60% in February-while 28% of the attacks were attempts to gain access to accounts at nationwide banks.

Credit unions were the focus of 14% of the attacks on financial institutions in January, down sharply from 38% of the attacks in February 2009, according to the RSA Anti-Fraud Command Center, which provides detection and shutdown services against malware attacks on more than 300 organizations in 140 countries.

Hijacked Web sites, especially of social networks, photo-sharing and Web-based software, continued to be the most popular avenue of attack, accounting for 70% of the 18,503 worldwide phishing attacks recorded in February, RSA said.

--mrapport@cutimes.com

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