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One-third of phishing attacks aimed at financial institutions

Kaspersky Lab says one-third of all phishing attacks target financial institutions, as customer records and personal information worth a lot to criminals.

Published Sat, Apr 5 2014 9:30 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

One-third of all phishing attacks launched in 2013 targeted global financial institutions, and the attempts are getting even better, according to security company Kaspersky Lab.

One-third of phishing attacks aimed at financial institutions | TweakTown.com

Customer information is a valuable commodity to cybercriminals, with the ability to steal identities, transfer money from accounts, and financially ruin victims. Cybercriminals enjoy using the brand names and logos of well-known companies, making it easier to lure users into clicking fraudulent links.

"Phishing attacks are so popular because they are simple to deploy and extremely effective," said Sergey Lozhkin, Kaspersky Lab Senior Security Researcher, in a press statement. "It is often not easy for even advanced Internet users to distinguish a well-designed fraudulent site from a legitimate page, which makes it even more important to install a specialized protection solution."

The threat of phishing, cyber and physical attacks, banks are always looking to improve technology - including a growing number of financial institutions researching biometrics.

NEWS SOURCE:usa.kaspersky.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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