Countries Lacking Cyber Security Make eBay Customers Vulnerable to Phishing Attacks
eBay, an online e-commerce site, has hit seriously due to lack of interest in enforcement of regulations against cybercrime in certain countries like Romania cautioning that sufficient amount of work has not been done to safeguard auction sites from fraudsters, as reported by silicon on March 10, 2008.
eBay also said that fraudster have been targeting its sites for years. According to the company, it has been utilizing every channel to tackle phishing attacks like educating Internet users and enhancing online security but they are not sufficient to control the menace.
According to the company, in the beginning of 2007, around 47% of total phishing attacks were targeted at eBay and PayPal, a subsidiary company of eBay.
Moreover, the company has also named countries like China, Romania and Russia where majority of attacks originate to trick customers into revealing their personal as well as account details.
Mark Lee, Trust and Safety Manager, eBay, UK, said during e-Crime Congress 2008 Conference held in first week of March 2008 in London, that phishing attacks will continue to create trouble for eBay users.
At the conference, Lee highlighted the lack of fear of real punishment causing the problem. He also commented on the gravity of problem in Romania.
Lee further said that organized criminal groups are engaged in the attacks. There are few towns in Romania where groups concentrating on sites like eBay to earn money, as reported by silicon on March 10, 2008.
However, Lee also clarified that eBay has managed to nab the small networks of cyber criminals but tracking organized and big groups is an uphill task.
But e-Bay has been consistently battling with cyber criminals since its inception and the battle will continue in future as well. eBay acknowledges that best tool to defend is to educate people.
Therefore, sites like eBay are at target of criminals, so an e-mail asking for login or other private information should be avoided. Users should follow the given instructions while carrying out off-site transactions. Possibly, eBay's security policy is not up to mark but the company offers protection measure or a paper trail if something goes wrong.
Related article: Contract Killer Spam Scam
» SPAMfighter News - 19-03-2008
We are happy to see you are reading our IT Security News.
To reward your interest, we would like to offer you any of our award-winning products
at the price $19.95. Pick your own favorites.