Phishing Scams: July 2006 Archives

Phishing is a form of criminal activity using social engineering or trickster techniques to fraudulently acquire sensitive information, such as passwords and credit card details, by masquerading as a trustworthy person or business in an apparently official electronic communication, such as an email or an instant message. The term phishing arises from the use of increasingly sophisticated lures to "fish" for users' financial information and passwords. Some phishing has become so complicated that it no longer needs to steal information from the web, IM or E-mail, but lure users to use phone connections and capture them using phone techniques. (You call a number, they ask you to enter in your account number and PIN and viola- they capture the "tones" made by your telephone keypad input and your account is wide open to the scammer.)

We talked a while ago about the global phishing termination operation launched by CastleCops and Sunbelt Software. The volunteer PIRT Squad is comprised of folks who report phish, investigate phish, and actively work on phish takedown and termination (original concept by Robin Laudanski). PIRT is funded by CastleCops.

Our own Microsoft Security MVP, Chris Boyd, has been participating on the PIRT Squad over at CastleCops and some of the first results are in. CastleCops' operators, Robin and Paul Laundanski, have compiled the list of the top phished brands in May. Here the all-volunteer group of phishing terminators has been having a real impact on phishing. Our own research team follows-up on many of these phish sites and note that many are offline quickly! That is good news...but the battle is far from over. (Other "things" may lurk on the end of these phish attempts, but that is for another entry.)

So without further ado the top brands fished in May:
Pay special attention to how "pure Internet play" brands like PayPal and eBay are the most common targets.

May 2006 confirmed phish (brand plus total count for May):

PayPal - 520
eBay - 309
Bank of America - 37
Barclays - 36
Wells Fargo - 36
Chase - 33
WAMU - 28
HSBC - 20
MasterCard - 18
e-gold - 17
Nationwide - 17
Citi - 16
BancorpSouth - 14
Postbank.de - 12
Halifax - 11
NetBank - 11
Laredo Nat'l Bank - 10
Nat'l Australia Bank - 10
Western Union - 10
National Credit Union - 9

With this early report in mind we have to take into account that Google is now throwing their hat into the e-commerce ring with a service called "Google Checkout". The business implications of this move are very, very complicated and beyond the scope of this entry- although they are important to security researchers too. However, in terms of pure security research the proverbial writing is on the wall...Google and e-commerce will only attract scammers like bears to honey. How successful they will be will depend much on how Google implements the process, their anti-fraud features, and how educated people are on phishing in general.

I admit, especially in my talks and speeches with youngsters, I am quite dismayed at the lack of awareness on Internet safety. That is one area I, and our team, have been pondering.

One of the best forms of defense is very simply- "street smarts". For example, we teach children not to go into dark alleys late at night, actually most parents wouldn't let their children out in a city at night! Yet our digital highways can be dangerous too- often the mediums are treated differently. I plan more on this in the future.

For now, us get back to Google Checkout.

Some of the features of Google Checkout include:

1) Google will store your complete shopping history. This is convenient of course, but remember if you lose access to that account- that history goes with you. This is no different than losing access via a hack to any e-mail account.

2) Google won't share your full credit card number, even with the merchants you buy from. This makes sense, since Google is doing the transaction on behalf of the merchant.

3) Google won't share your email address with merchants if you don't want them to. This is nice- you don't have to worry about getting lots of promotions via e-mail if you don't want.

4) Google will not spam you. Google pledges they will not spam you- great. They never have and I believe that is not in their plans.

5) You can store as many credit cards in Google Checkout as you want! That is where it starts to get a little bit risky.

Now, again, I am not being anti-Google, I am only being a realist. You have a pure play Internet brand, new to offering payment transaction processing to the public at large, prepared to do business en masse. If we look at recent history, like the PIRT report, it only stands to reason that Google, other privacy concerns aside, will experience their fair share of phishing attempts.

For now- use "street smarts". Be wary and be careful.

NOTE: If you are technically adept at handling phishing attempts and want to help by joining the PIRT Squad you can join the team here, if you simply want to report a phishing attempt you can do so by clicking here.

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About this Archive

This page is a archive of entries in the Phishing Scams category from July 2006.

Phishing Scams: April 2006 is the previous archive.

Phishing Scams: January 2007 is the next archive.

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