Phishing URLs Related to PayPal Up 73%

PayPal users ought to be particularly vigilant about phishing scammers. A new report released by the CYREN GlobalView Security Lab revealed a 73 percent increase in the number of phishing attacks aimed at PayPal users.

During a two-week sampling taken during the first quarter of this year, study researchers saw the number of PayPal related phishing URLs increase from around 750 a day during the last quarter of 2013 to more than 1,300 a day in Q1 2014. Apple, Poste Italiane, Barclays Bank, and Sparkass were also top brands frequently used as bait by phishermen.

The study additionally found that Android malware is becoming both more complex in and includes encrypted peer to peer functionality that allows scammers to track user activity and steal data. On the upside, Spam levels continued their downward trend, averaging 54 billion emails per day. The downward pressure is created by  lower income per message, a reduction in affiliate revenue from spam, and the relative profitability of other attack vectors. Diet spammers have also figure out how to us press releases to gain “legitimate” news featured on the Wall Street Journal and Reuters websites.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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