Financial Phishing Grows in Volume and Sophistication in First Half of 2019

Financial Phishing Grows in Volume and Sophistication in First Half of 2019
Criminals are using the tools intended to protect consumers to attack them through techniques that are becoming more successful with each passing month.

Phishing — especially phishing involving websites claiming to be from financial institutions — is growing, and criminals are getting better at their craft. A new report shows how attackers are using messages that closely mimic legitimate bank promotions to entice users to open email messages and click on links, then using those clicks and opens as the first step in campaigns that steal credentials, embezzle funds, and plant ransomware or other malware across systems.


The report, "The State of Financial Phishing" for the first half of 2019, demonstrates that one of the principal tools in fighting online fraud — the green "lock" icon that shows the website is protected by encryption — has now been co-opted by criminals to create a false sense of security in their malicious Web trap ..