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One Year and 3.7 Billion Phishing Emails Later – Is Your Identity Protected?

Thursday, June 17, 2010 by Bryan Anderson

As the U.S. (and the rest of the world) drifts to a life saturated with internet activities, a similar movement of malicious schemes will follow. Unfortunately, like the real world, the developing digital world is not free of bad-natured users and individuals will continue to find ways to scam and con their way into others' private lives, using the information they seize to their advantage.

In an article from Networkworld.com, a study by CPP, a British identity protection company, shows that cybercriminals sent 3.7 billion emails over the last 365 days. Of these 3.7 billion, 55% were fake bank emails attempting to mislead users and steal valuable information like online banking passwords or credit card numbers.

The article points out that online banking fraud itself has increased 132% over the last year, while almost half of web users worry that their personal banking information could be leaked and used to make illegal purchases online.

Nicole Sanders, an identity fraud expert at CPP, says that "fraudsters are becoming ever more skilled in their techniques and tactics... it can be extremely difficult to spot a legitimate email from a scam."

One area that has seen a significant rise in malicious content is social networking. In a recent study by Nielsen, the world now spends about 22% of all their time online using social media, a 66% increase from a year ago. Social networking is used by three quarters of all U.S. users, spending an average of 6 hours 35 minutes per month on social media or blog sites, second only to Australia.

Facebook alone reaches into 62% of users' online time. Networkword.com points out that over the last year nearly one in five Brits interviewed had received "phony Facebook messages claiming to be from friends or family."

According to Mrs. Sanders, an identity acquired through social media "is as valuable to a thief as a credit card." She and her company advise web users to keep their personal information safe and always check sources before giving out details. For example, banks will never ask for your personal information online, CPP points out.

Steve Furnell, head of the Centre for Security, Communications and Network Research at the University of Plymouth, recommends users make "periodic manual checks to ensure that their antivirus has downloaded recent signatures." He also notes that when disclosing personal items, "consider the nature and importance of the information being asked for."

Similar to experiencing a burglary in real life, the effects of malicious actions can be devastating. Make sure all your devices - mobile and desktop - are updated with the latest anti-virus software and moderate your personal information disclosure over the internet.

 

Until Next Time -

Matthew Hymel 

 

Switchfast Technologies
Chicago IT Support & Consulting
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