Consumer Payment Card News

Citi Phishing

Citibank got hammered last month with a record number of unique phishing attacks, comprising more than half of the total attacks in the financial services sector, and surpassing eBay as the prime target. Citi experienced 475 unique attacks during April, compared to 98 in March, 58 in February, and only 34 during January. Totally, the financial services industry had 832 unique attacks. eBay was hit with 221 unique attacks during April compared with 110 in the previous month. Tumbleweed Communications and the Anti-Phishing Working Group this morning reported that email fraud and phishing attacks grew by more than 180% in April, with an average of almost 38 new, unique attacks sent out to millions of consumers each day. A grand tally of 1,125 unique phishing attacks occurred in April spread over all industries. In April, the new technique of creating “floating” windows over a user’s Address Bar, disguising the fact that the user is on a fraudulent Web site, continued to gain momentum and sophistication. Phishing attacks use ‘spoofed’ e-mails and fraudulent Web sites to fool recipients into divulging personal financial data such as credit card numbers, account usernames and passwords, social security numbers, etc.

Leave A Reply