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Phishing Attacks on the Raise

December 1st, 2005

Phishing attacks in May increased 226 percent, while viruses and worms, also continued to spread rapidly through email and web applications, according to IBM’s report. The increase in phishing attacks is attributed to the rise of zombie botnets being used to pump out massive volumes of the scam emails used in phishing attacks.

The report indicates that in May more than 30 percent of emails contained some form of virus. In addition, 90 percent of application hacking were exploited using two critical points: the creation and management of sessions and filtering all data input. These types of compromises can lead to exposure of sensitive information.

Key finds of IBM’s report include: In May, phishing attacks exceeded anything previously recorded, increasing by 226 percent, 3.12 percent of all email contained some form of virus or trojan attack and 68.7 percent of inbound email traffic contained some form of spam.

“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.

“Security is now something that companies can no longer afford to be without. IBM´s approach offers companies a way to reduce overall business risk while helping them comply with legislations, regulations and build better business intelligence,” Mr. Slemp added.

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