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Kaspersky Lab outlines major phishing threat facing companies in April

Cybercriminals and scammers are improving their skills as they try to compromise companies with sophisticated phishing abilities.

Published Fri, Jun 6 2014 3:20 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Cybercriminals trying to compromise users continued to find new and innovative ways to target unsuspecting users in April, launching malicious attachments and conducting well-coordinated phishing attacks, according to security company Kaspersky Lab.

Kaspersky Lab outlines major phishing threat facing companies in April | TweakTown.com

Email and search engines were the most popular targets, accounting for 31.9 percent of attacks, with social media in second with 23.8 percent, and financial and payment organizations slotted in third with 13 percent. The most notable target in April was Chinese telecommunications company Tencent, with criminals seizing user logins and passwords.

"Last month, we saw a new wave of so-called pump and dump spam," said Tatyana Shcherbakova, Kaspersky Lab Senior Spam Analyst, in a press statement. " The scammers behind these mailings advertised offers to buy stock in a certain company at super low prices, which were allegedly meant to increase considerably in the near future. As a result, the demand for the stock in the company rose, the prices became artificially inflated - and the scammers would then sell off their stock in said company. The stock prices would then begin to fall, and the bamboozled investors were left with depreciated shares and lost their investments."

Scammers like to focus on smaller, lesser known companies to launch these types of attacks - the stocks are traded on secondary markets, and will likely fly under the radar without being detected.

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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