CCT355H5 F Presentation: Phishing November 22. 2012 Jennifer Li.

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Presentation transcript:

CCT355H5 F Presentation: Phishing November Jennifer Li

What is phishing?

 A fraudulent attempt, usually made through , to steal people’s personal information.  Appear to come from a well-known organization and ask for your personal information  credit card number, social security number, account number or password

 s direct the user to visit a Web site by asking them to click a link  Users are then asked to update personal information that the legitimate organization already has  Bogus and set up only to steal the user’s information.

Example

Other types of phishing  Web based delivery  Instant messaging  Trojan hosts  Content Injection  Search Engines  Phone Phishing

How significant?  64 brands hijacked by phishing in 2008  "eBay is often spoofed, for obvious reasons. Google is increasingly being targeted because of its expansion into different business application models. The big banking names are used too--HSBC, Citigroup, Lloyds--all the major brands".

Implications  Lost revenue  Brand erosion  Regulatory issues

Statistics  Phishing costs companies more than $98billion a year  More than 500 million phishing s appear in user inboxes every day  Almost 80% of phishing targets consist of financial organizations, online stores, social networking sites and search engines  Phishing links are clicked from received s in about 65% of cases

Beware  Spelling & bad grammar  Beware of links in  Threats  Spoofing popular websites or companies

Protect yourself from phishing  Never share your account password to anyone  Only enter your username and password after verifying that you are on the website of your provider. Check the URL.  Only change information after initiating a session with your provider.