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"Follow the money" might well be the marketing slogan for cybercriminals working the internet now, according to a new report on online financial fraud and identity theft. A record number of websites are hosting keylogging malware to steal sensitive personal information, new figures show. Italian authorities have arrested 26 people from two criminal organizations for their involvement in a phishing scheme. Education not much cop either, says security expert. The CA/Browser Forum, a consortium of four major internet browsers and more than 20 certification authorities, this week announced the first-ever set of standardised guidelines to validate the legitimacy of website operators. The Anti-Phishing Working Group (APWG) has announced that it will share information and analysis on phishing attacks and trends stored in a central database that will be launched in July. Symantec is declaring 2006 as the year that fraud grew up. In a report, the company said that online fraud and in particularly phishing became much more sophisticated in 2006.
For the second time this year, the Better Business Bureau (BBB) is at the center of spam campaign. Experts reveal Kiwibank phishing campain directs to spoofed website in the US. The number of phishing attacks last month broke previous records and signalled the increase of sophisticated phishing schemes, according to RSA’s December fraud report. Dutch bank ABN Amro has paid compensation to four of its customers following a phishing attack that stole money from their accounts. US academics warn that scammers may have success rate of 14 per cent. Just as consumers have learned to protect their identities online from phishers, they are facing a new VoIP-enabled telephone scam based on the same principals, experts reported this week. PayPal will offer a public beta in the Unites States next week for a new security token designed to combat phishing attacks on its customers, a company executive told SCMagazine.com last week. PayPal, Barclays and eBay were the three firms most targeted by phishers last month, according to statistics compiled by PhishTank users. Cutting-edge phishers are creating websites in Flash to evade detection by toolbars, security experts said this week. Another Internet Explorer (IE) flaw has been found, one that allows phishers and other malicious users to spoof an address bar when creating a malicious site. Cybercriminals have launched at least nine highly orchestrated and sophisticated phishing attacks against smaller U.S. banks during the last three months, a security company warned today. Fraudsters are targeting phishing attacks at high wage-earners to steal large sums of money, according to new research. A gang suspected of carrying out a phishing attack on the credit card company, Capital One, have been arrested in Europe and the US.