Phishing attacks costing millions

Research from Trusteer shows that while the majority of phishing attacks are unsuccessful, those that slip past security defenses are costing millions. With nearly half of those who click on links to phishing sites giving up their personal information, here are some tips on what you need to do to protect your enterprise.


Ever wonder what percentage of people are clicking on those e-mails leading to fraudulent bank login pages? The answer is very little – more than enough for phishers to still make a killing.
New research from security firm (PDF) Trusteer shows that once users had been lured to a phishing site, some 45 percent entered their login information. These findings, taken during a three month analysis, are based on a sample of more than 3 million users of Trusteer’s Rapport browser security service that are customers of 10 large U.S. and European banks.

Each phishing attack compromises a very small number of customers (0.000564 percent), but due the large number of phishing attacks, the aggregated number is significant. Overall, 0.47 percent of the banks’ customers fall victim to phishing attacks each year, translating to between $2.4 million and $9.4 million in annual losses.



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