Symantec Corporation, a computer security solutions provider said online financial fraud has risen by 81 % globally in the past six months and is still growing.

“India is a key element in the fraud food chain…about 33 websites used for phishing attacks, which involve identity theft, were hosted out of India in 2006. There have been no major virus outbreaks in 2007 as the young hackers are now moving from fame to making a fortune on the internet” said Symantec Corporation’s Managing Director Vishal Dhupar

While adding that home users are more vulnerable to phishing, viruses and network attackers, he said “About 86 per cent of the automated network attacks on PCs in 2006 were on home users in Mumbai, Delhi and Bangalore,”

It is increasingly becoming more and more unsafe to use monetary exchange related websites because a lot of people are creating phishing websites that originally have links other hiding underneath the ones of the financial institution. It is essential that we safeguard our computer by keeping our firewalls on and not allowing our personal computers to be hacked by any hacker.

We have previously mentioned about an example of how phishing works in one of our previous posts. India ranks amongst the top three countries which are largely affected by phishing scammers.

If anyone of you have come across any such sites or emails from banks or financial institutions please do share your experiences in the comments.

Bookmark this post to:

Related Posts

• You’ve Got A Worm In Your E-Card!
• Cyber Crime On A Roll In India
• China, US – 2 Of the Highest Sources of Traffic Attack: Akamai Report
• Vulnerability Masquerades As Windows Update
• Now Comes White Hat Viruses