India accounted for 8 percent of total phishing attack
Phishing has been the cause of great discomfort to users and establishments alike in recent times. Phishing is a fraudulent act wherein users receive “genuine-looking” emails from banks or legit establishments to coax them into entering their private details. These details are then misused for identity theft.
Latest phishing figures put out by EMC’s RSA Monthly Online Fraud Report for May 2013 reveal that the US topped the list of nations in terms of the total phishing attack volume, with a share of 46 percent. The UK accounted for 11 percent of that volume while 48 other countries put together accounted for another 18 percent. India accounted for 8 percent of the total phishing volume, only a little behind South Africa that accounted for 9 percent.
Norton, on its website, refers to phishing as an “online con game” and phishers as “nothing more than tech-savvy con artists and identity thieves”.
Do not take the bait
Among its other findings, RSA identified 26,902 attacks that happened globally in April this year. The attack volume, in fact, rose 10 percent from March 2013. The US also became the top hosting country in April this year, when it hosted 47 percent of the global phishing attacks. Germany, Canada, the Netherlands, UK and Russia together hosted just over 20 percent of additional volume. Sixty-one other countries put together accounted for hosting 32 percent of global phishing attacks.
“The number of phishing attacks recorded monthly is known to vary, fluctuating upwards and downwards, and there’s limited capability to forecast a trend that is so dependent on fraudster resources. Although totals are often tricky to predict, some seasonal trends do repeat every year such as the holiday shopping season when a rise in phishing is almost expected,” the report says.[source:tech2]