Phishing attacks hotting up

Phishing attacks are increasing in frequency and sophistication while shifting from larger to smaller financial institutions, ZDNet UK reports.

Experts have tracked shifts in phishing demographics, and claim they are being driven by a renewed focus on smaller financial institutions. US banks have been building stronger anti-phishing protection, forcing fraudsters to target banks in other countries.

“We’re seeing an interesting shift in the global phishing landscape, partly fuelled by guidelines instructing US banking institutions to implement stronger forms of authentication,” said one expert.

“There’s been a shift in the global black market to the less protected banks. In the UK, online banking is not particularly well protected,” he claimed.