50% of Phishing Victims Reveal Personal Information During The Immediate 60-Mins

An experiment, which Trusteer the provider of secure browsing solutions conducted, showed that half of the end-users that got convinced with a phishing ruse became victimized within an hour since they got the scam e-mail. Trusteer, through its study, attempted at gauging the rate of success of spoofed message assaults on the Internet.

The company's researchers called the crucial one hour window the "golden hour.'

Further discoveries showed that whenever a phishing attack affected users, in five hours time the total number of victims became more than 80%, while in ten hours it exceeded 90%.

Remarking about these discoveries, Amit Klein CTO of Trusteer stated, given that numerous people on the Internet went to a phishing site so soon implied that it was most crucial to stop such a site -that was occasionally a genuine website which had been compromised -during the golden hour. Thetechherald.com published this on December 4, 2010.

Trusteer added that based on the above contention, it was rather irrelevant to abort a phishing website when 5-10 hours had already passed.

Points out the security company, a model, which's essentially effective, can stop users from getting led onto a phishing website as well as feeding in personal credentials into it.

According to Klein, for the security industry, its objective must be to make institutions identify a phishing assault fast i.e. lessening the time-period to just minutes from hours since the first end-user tries visiting a fraudulent phishing site. There's also the requirement for setting up truly prompt feeds inside Web-browsers as well as other security programs in order that much less time is spent in updating anti-phishing filters compared to the time spent currently. That is the sole method through which to fast close rogue phishing sites, safeguard consumers as also eradicate the one hour spanning golden hour, Klein adds. Net-security.org published this on December 2, 2010.

Luckily, based on recent monthly reports, there has been a significant fall in the total number of spoofed/phishing assaults.

Even cyber-criminals such as the Avalanche band that once was behind 50% of phishing assaults is now utilizing banker trojans as a substitute.

Related article: “Loopholes did not cause online banking thefts”: ICBC

» SPAMfighter News - 12/17/2010