SDA India is an online resource for Software, Development,IT, Architecture, Open Source, Mobile, Security, Databases, Delphi, C, OS, Asp, .Net, Php, Xml, Java

Information Security Enterprise IT Architecture Enterprise IT Architecture Wireless And Mobility Hardware & Networking Data & Storage
Average Rating Rate this article Poor Below Average Average Good Excellent
1 2 3 4 5
Phishing Leaves A Scar On Brands, Consumers Loose Trust



Cloudmark announced the results of a survey conducted on its behalf by YouGov, which revealed that public confidence in consumer brands is dramatically affected by phishing attacks.

Out of 1,960 UK based consumers, 42 percent of the respondents claimed that their trust in a brand would be seriously reduced if a phishing message included the company's name. But what's more impressive is that 26 percent of the people included in the questionnaire said that they are the ones responsible for the their protection in front of the phishing attacks while 23 percent of them stated that it's the ISP the one that should block these attempts. In addition, 17 percent of the respondents said that the sender's ISP should fight against this kind of attack and try to block the phishing scams.

Banks, ISPs and social networking sites appeared to be brands most likely to feel the force of this negative response. Cloudmark’s own research has recently shown the Natwest Bank to be the UK brand most likely to be appropriated for phishing scams during October 2007. The research was collected using Cloudmark's user base, which consists of 260 million mailboxes.

“What is interesting to note from these results is that well-known brands are also suffering, with phishing attacks having a detrimental effect on their reputation. This knock-on effect will be particularly worrying for the banks, which rely on a high degree of trust with their customers,” said Neil Cook, UK technology chief at Cloudmark.

Cloudmark's research also indicates that across Europe, the majority of unique phishing websites are created using the top level domain associated with the United Kingdom, .uk.

“Not only are we seeing evidence of more .uk phishing URLs, but also a shift in phishing techniques. Vishing is a good example of this where the scammers use cheap VoIP call centre systems as the back end to their phishing attacks, which changes the whole dynamic of trust,” said Cook.

The phishing attacks have always been pretty dangerous as they often targeted sensitive consumers' information such as bank details and credit card credentials. Since they attempt to copy a genuine website and make the users believe that they enter their information on an original website, it's hard to discover a scam by analyzing the URL of the page.


Post a Comment
Name
Title
Comment
From the News Desk
In a recent announcement Symantec said that it is expanding on …
According to Symantec’s MessageLabs, Web hosting service McColo was the host …
Intego, the Macintosh security specialist, has released the VirusBarrier X5 10.5.5, …
Articles

Records management has come a long way since its days of managing paper and file rooms only. Electronic records are the norm and to ensure that all electronic records are managed in accordance with policies and applicable regulations, legal and records management teams have had to overcome significant challenges. …

The last few years’ have witnessed alarming rates of employee churn and the modern world has termed this employee turnover as ‘Attrition’. The decision of ending association lies solely with employees but the organization plays a major role in decision making. Location preference, work environment, monetary dissatisfaction or personal priorities are …

Today we have easy access to software products in the market, with just a single degree of separation between the producer and the consumer. This has created new opportunities as well as problems, foremost among them being counterfeiting and piracy.Emerging and Existing Forms of PiracyIn 1929, Edwin Hubble, discovered …
Interviews

SOA is a principle of creating software functions as services, to enable alignment of business processes and related IT assets to meet change in business needs, leading to business agility, reduction in time to IT and cost to IT. SDA-India.com in conversation with Mr. K.R.Sanjiv on how does Service Oriented Architecture contribute to business …

Agile is a set of principles and practices for how to develop software and Scrum is a management methodology for implementing agile principles. SDA-India.com in conversation with Mr. John Scumniotales, VP of ALM Products, Serena Software. …

We are currently in the process of developing an Enterprise Information Management suite that would enable efficient management of both the structured and unstructured data of large organizations and provide a personalized digital dashboard to all the stakeholders to view critical reports and important documents. SDA-India.com in conversation with Mr Shastri, Chairman and Managing …
RSS
more »                                   
Menu
News Desk
Feature Stories
Articles
Interviews
Case Studies
White Paper
Analyst Corner
Planet SDA-India
SDA Events
INDIA IT Event Calender
IT Jobs
Advertise