Cyveillance Reports Leading Identity Theft Threats Increase Between 50 to 200 Percent in First Two Months of 2007.Cyveillance Online Financial Fraud and Identity Theft 2007 Report Highlights Latest Threats and Most Widely Targeted Industries ARLINGTON, Va. -- Cyveillance, the leading provider of online risk monitoring and management solutions, today announced its latest report, "Online Financial Fraud and Identity Theft," which highlights the growth of Internet attacks and identifies the industries most at risk. Using intelligence collected through its advanced Internet monitoring Analyzing traffic on the Internet. Monitoring is performed to determine packet volume for network configuration as well as to find out how employees are spending their time on the Internet. This is the first step in determining whether or not filtering should be added to the network. technology, Cyveillance's security experts have identified that the two leading online identity theft risks, phishing Pronounced "fishing," it is a scam to steal valuable information such as credit card and social security numbers, user IDs and passwords. Also known as "brand spoofing," an official-looking e-mail is sent to potential victims pretending to be from their ISP, bank or retail establishment. and malware (MALicious softWARE) Software designed to destroy, aggravate and otherwise make life unhappy. See crimeware, virus, worm, logic bomb, macro virus and Trojan. , increased significantly in the first two months of 2007, with the number of brands being phished growing by 50 percent and malware attacks growing by 200 percent. As part of its research, the company has also specifically identified more than 1 million suspected stolen social security numbers on the Internet, in just the last two months. Phishing attacks were one of the biggest increases that Cyveillance monitored during the past 12 months with virtually every large financial institution and a growing number of small to medium-sized financial institutions being the most often targeted. The number of companies being phished has been consistently growing by more than 200 new brands each quarter, with a recent increase of 50% from January to February, up from 800 to 1,200 unique brands phished. The largest increases in Phishing attacks have targeted organizations in the following industries: 1. Credit Unions - 584 percent increase 2. Associations - 329 percent increase 3. Banks - 325 percent increase 4. Insurance - 300 percent increase 5. Payment Services - 285 percent increase Cyveillance has also seen the sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of malware contributing to the increase in online risks with its evolution from a simple nuisance nuisance, in law, an act that, without legal justification, interferes with safety, comfort, or the use of property. A private nuisance (e.g., erecting a wall that shuts off a neighbor's light) is one that affects one or a few persons, while a public nuisance (e.g. to more malicious Involving malice; characterized by wicked or mischievous motives or intentions. An act done maliciously is one that is wrongful and performed willfully or intentionally, and without legal justification. DESERTION, MALICIOUS. threats focused on financial gain. This has contributed to an increase of more than 200% growth of malware threats during January and February 2007, with well over 1 million unique Web pages containing some type of malware. Cyveillance trending data shows that in December 2006, the average number of URLs detected with malware averaged less than 20,000 on a daily basis. By February 2007 this average had grown to approximately 60,000 sites daily, with a single day mid-month spike A burst of extra voltage in a power line that lasts only a few nanoseconds. See power surge, power swell, sag and surge suppression. (jargon) spike - To defeat a selection mechanism by introducing a (sometimes temporary) device that forces a specific result. of close to 140,000. This data points to significant long term growth of this risk, as more individuals and organizations view malware as a revenue-generating fraud technique. "As our research shows, the breadth and depth of online risk are on the rise, with increasingly elaborate attack schemes and tactics," said Panos Anastassiadis, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cyveillance. "As a leader in Internet monitoring, we are dedicated to providing online risk monitoring and management solutions that deliver early warning of threats to an organization's information, infrastructure and individuals. By utilizing our comprehensive data sets, chief security officers can proactively protect their company's reputation, revenues and customer trust." For more information about Cyveillance's research and findings, the complete Online Financial Fraud and Identity Theft report is available for download at: www.cyveillance.com/IDTheftreport About Cyveillance Cyveillance, the leader in online risk monitoring and management solutions, provides an intelligence-based approach to security. Through comprehensive Internet monitoring, Cyveillance proactively identifies and eliminates threats to information, infrastructure and individuals. By continuously pinpointing online risks such as malware, phishing attacks, information leaks, counterfeit To falsify, deceive, or defraud. A copy or imitation of something that is intended to be taken as authentic and genuine in order to deceive another. A counterfeit coin is one that may pass for a genuine coin and may include a lower denomination coin altered so that it may product distribution and other forms of Internet fraud A crime in which the perpetrator develops a scheme using one or more elements of the Internet to deprive a person of property or any interest, estate, or right by a false representation of a matter of fact, whether by providing misleading information or by concealment of , Cyveillance enables enterprises and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and data partners to protect their reputation, revenues, and customer trust. Cyveillance serves over 250 leading companies, including over half of the Fortune 50 and 8 of the top 10 technology providers. For more information, visit www.cyveillance.com |
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