Financial Phishing To Increase This Holiday Season

Posted: Nov 14 2016, 12:18pm CST | by , in Also on the Geek Mind


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Financial Phishing To Increase This Holiday Season
Photo Credit: Getty Images

There have been a large number of financial phishing attacks already this year, and that number is expected to rise quite a bit throughout the next few weeks as holiday shopping starts on Black Friday. Kaspersky Lab specialists have done research that shows that these attacks form a pattern throughout the years, and this time of the year is the worst.

At peak season, criminals come out and try to take advantage of harried workers and people who don't pay attention to their bills. Don't think you are exempt if you are only shopping online - cybercriminals are coming too.

Kaspersky Lab statistics have shown that in 2014 and 2015, the proportion of phishing pages increased by 9% over the rest of the year. This resulted in financial phishing of 28.73% for the year, while the holiday season alone was 38.49%.

In addition, there was a significant increase in attacks against payment systems and online stores. Surprisingly, there were also attacks against banks.

These criminals make fake payment pages that look like online retailer websites. Sometimes they even create fake shops. They tend to start operations on Black Friday and Cyber Monday, days when people aren't paying as much attention.

“In 2014, we conducted some research into how the phishing threat landscape behaves itself in the holiday period, and discovered that the number of attacks against particular targets – payment systems and famous retail networks - increased during the Black Friday and Cyber Monday period,” said Andrey Kostin, senior web content analyst at Kaspersky Lab. “In 2015, the situation repeated itself and this makes us think that in 2016 it will happen again. So we urge users to be as cautious as possible when shopping online this season.”

In order to avoid becoming a victim, there are a few thinks that Kaspersky Lab experts suggest:

  • Do not click links from unknown people;
  • Do not enter credit card information on suspicious websites;
  • Double check to make sure a web page is genuine;
  • Install security solutions on your device
Phishing is a real cyber threat that you could encounter during the holidays, but it isn't the only one. Make sure you are smart about where and when you spend your money this season.

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The Author

<a href="/latest_stories/all/all/46" rel="author">Noel Diem</a>
Noel passion is to write about geek culture.




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