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Phishers Target Corporate Treasury Accounts

The Anti-Phishing Working Group (APWG) says phishers are increasingly targeting corporate treasury staff in order to raid company bank accounts. The U.S.-based security organization also says that the number of individual brands hijacked by phishers in November 2007 exceeded all previous records.

In November last year, 178 financial institutions and government agencies such as tax offices had their identities co-opted by fraudsters for phishing campaigns.

"We are seeing executives of companies receiving specially targeted emails that attempt to do two things," says Laura Mather, managing director of operational policy for APWG,. "Firstly, install malware to give the phisher access to the corporations' systems, and secondly gain access to the corporations' bank accounts."

Related Links
www.antiphishing.org
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U.S. Identity Theft at Record Level in 2007
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