The widespread use of mobile devices and social media has fueled spear phishing by eroding the so-called perimeter that once shielded corporate networks, a panel of financial fraud experts says in part two of their discussion about spear phishing trends.
An online gang with ties to Romania and Russia has been bypassing two-factor, Android-based authentication systems - used by 34 different banks to authenticate customers - via the sophisticated Operation Emmental cybercrime campaign.
An ongoing APT campaign employs decoy documents to lure potential victims into installing malicious remote-control tools. Targets include at least one bank, the BBC and many U.S. and EU government agencies.
Phishing attacks targeting telecommunication companies' customers, which result in account takeovers, are on the rise, federal authorities warn. Security experts offer analysis of the trend as well as mitigation advice.
On Christmas Eve, Target issued a warning about phishing scams linked to its breach recovery efforts. In response, the retailer says it is launching a dedicated resource page on its website for official communications.
Spear-phishing attacks aimed at bank employees are on the rise, and community banks and credit unions are particularly vulnerable. Learn why experts say authentication is failing to address the problem.