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Banks & Government Websites in Phishing Zone

Banks are becoming targets of "phishing attacks" in the Philippines, said TrendLabs, a security firm, reported INQUIRER.net on February 11, 2008. The aim of the phishers for targeting banks is to commit fraud by stealing usernames and the passwords along with credit card details.

The Websites or the e-mail addresses that are used for phishing attacks seem to be true. But these Websites and e-mails are intended to dupe people to disclose their sensitive information. In its preceding report, TrendLabs reported that the Filipino banks were the target of e-mail messages that look like as if they came from a legitimate source.

The TrendLabs report stated that e-mail messages claims that they are sent by the said bank and the links given in the mails lead to the web pages that also seem genuine. The phishing attacks are plotted mainly against the government Websites. The report also said that some of the local government Websites along with the education Websites are inserted with some malicious codes so that people visiting these Web pages can be tricked and the malware like trojans and viruses gets downloaded onto their desktop.

The report also brought into notice that almost all the computers worldwide, especially in banks, are hacked by inserting computer malware to generate "click frauds".

TrendLabs stated that writer of malicious code first hacks a legitimate Website and then initiates all its illegal activities using that Website as the platform. This way, users of the Website get hacked by the spyware. It is also reported that a regular visitor to a government Website is automatically redirected to another Web address, confirming that Internet attacks are increasing day-by-day.

David Perry, Global Director of Education, Trend Micro Inc., said that as per his experience in the field of computer, the attacks by the malicious writers and launch of hacking software are largely done for monetary gains, as reported by INQIRER.net on February 11, 2008.

Perry further cited examples of a Trojan virus, designed to steal account information online, earns around $1,000 to $5,000. He said that TrendLabs has been exposing about 3,000 malware and 17,000 blocked Website addresses every day.

Related article: Bank Issues Spam Alerts

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