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Increase in Phishing Attacks in May, IBM Reports

  Date:2005-07-05 23 Author: Origin:

Phishing attacks rose by 226 percent while email viruses are up 33 percent.

IBM yesterday reported that phishing attacks increased 226 percent, while viruses and worms, such as Sober and Mytob, also continued to spread rapidly through email and web applications, according to its May Global Business Security Index.

Company's security experts attribute the increase in phishing attacks to the rise of 'zombie botnets' being used to pump out massive volumes of the scam emails used in phishing attacks, as cyber-criminals look to increase their profits. The report also indicates that in May more than 30 percent of emails contained some form of virus - a 33 percent increase from the previous month. In many instances, the virus traveling via email infiltrated a computer's hard drive and then forwarded itself to the user's entire address book.

In addition, IBM reports that application hacking is how 90 percent of target systems are exploited. Two critical points in web application security are the creation and management of sessions and filtering all data input. These types of compromises from a web application can lead to exposure of banking information, private sensitive data like credit card information, and competitive intelligence information.

"IT systems have become so crucial to today's business operations, work productivity, and customer service, that even a small disruption can have serious impact on business operations, and loss of data integrity or confidentiality can lose a customer base that took years to build," said Cal Slemp, Vice President, Security and Privacy Services, IBM Global Services.

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