A flood of phishing sites and how to avoid them


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September 10, 2010 4:00 AM PDT

A flood of phishing sites and how to avoid them

by Elinor Mills

Cybercriminals are cranking out fake Web sites branded as eBay, banks, and other financial companies to the tune of tens of thousands every week, according to new research.

During a three-month study of its global malware database, Panda Security found on average 57,000 new Web sites created each week with the aim of exploiting a brand name in order to steal information that can be used to drain peoples' bank accounts.

About 80 percent of those were phishing sites designed to trick people into entering their login credentials or other information on what they believed to be a legitimate bank or other Web site. The remainder were URLs associated with command-and-control servers used in Western Union-related e-mail phishing attacks that trick people into opening an attachment that downloads a Windows-based data-stealing Trojan, said Sean-Paul Correll, threat researcher at PandaLabs.

Read full article plus view screenshots - http://news.cnet.com/security/

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