Phishing Attacks on Credit Unions Increase
The latest RSA Online Fraud Report shows credit unions gained attention from phishing fraudsters more in May than in the month before.
Overall, international volume increased by 7% in May from April, primarily because of highly targeted phishing campaigns against small financial institutions, RSA said.
Credit unions accounted for 20% of the attacks on financial institutions in May, compared with 13% in April, according to Bedford, Mass.-based RSA, The Security Division of EMC. Regional banks accounted for 18% and national banks for 62%, a 20-point drop, the company said.
Globally, the RSA Anti-Fraud Command Center recorded 37,878 phishing attacks in May, compared with 35,558 in April and 23,097 in May 2011, RSA said.
There were a total of 298 different financial institution brands attacked, the company said, compared with 288 in April and 376 in May 2011.
Thirty-one percent of the attacks were on U.S. brands, while 11% were U.K. brands, RSA said, but in terms of total volume, 63% of the total attacks were on U.K. brands, the third straight month it led the list, and 25% of the volume was on U.S. brands
Phishing volume year-over-year, meanwhile, is up 164%, RSA said, because of technical advancements in site-hijacking methods and hosted malware.
The report also noted the growth of ransomware, in which infected PCs are held hostage until owners pay off the botmaster. A typical amount cited was 100 euros or about $125.