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Phishing Attacks Targeting India Doubled in H1 2011

August 13, 2011

The report is a reflection of current trends on Phishing as seen through the eyes of Paladion Security Operations Center (SOC).

BENGALURU (PRWEB) August 12, 2011

Phishing threats in Inda doubles during the first half of 2011: Paladion Labs, the research innovation engine within Paladion, today released its report on “ËœPhishing Threat Intelligence’ for H1 2011. This report on phishing is a reflection of current trends as seen through the eyes of Paladion Security Operations Center (SOC) for the region.

“Though financially motivated attacks continue to grow unabated across the globe, Phishing attacks targeting banks and other financial organizations have seen a slight decline in the global scenario. But the same doesn’t hold true for India and to an extent ME, the first half of this year has witnessed an alarming increase in number of phishing threats arising from sophisticated attacks and branded as Advanced Persistent Threats” said Vinod Vasudevan, COO & Co-Founder, Paladion Networks. “This document provides an insight to all phishing attacks that were detected and responded to by Paladion SOC from different perspectives ““ the current trends in launching attacks, user’s response to phishing baits and what Banks can do to minimize phishing related frauds,” he informed.

Some Key Findings of the Report

  • The United States continues to host the highest number of phishing attacks
  • Average life of phishing site varied from 5-19 hours
  • Phishers most active during the holiday season
  • Nearly 80% of phishing sites get less than 10 victims

Based on the insights gained through analysis of phishing attacks, it is clear that the traditional approach of phishing site detection and take down cannot be the only solution. Financial institutions are in the process of rolling out controls that incorporates stronger authentication, better transaction monitoring and more innovative processes in the backend to contain the impact of phishing attacks.

To get the full report pls contact piyali(dot)guha(at)paladion(dot)net

About Paladion Labs

Paladion Labs was formed recently as an effort to create better awareness on security environment with the core objective to research the threats affecting customers and arrive at insights that further enable the technical engineers to design required comprehensive controls.

“Over the last ten years since Paladion was formed, we have tried contributing back our learning to the industry in our own small ways. As we enter the eleventh year, we aspire to take our efforts forward with a dedicated Paladion Labs that can serve as the innovation engine within Paladion,” said Rajat Mohanty, CEO & Co-Founder, Paladion Networks. “Our vision is to connect the dots and derive insights from the trends that we see through our customer engagements, SOC and primary researches,” he added.

About Paladion-

Paladion is the largest pure-play information security player in AsiaPAC and the fastest growing in Asia (as ranked in Deloitte Technology Fast 500 Asia Pacific & Technology Fast 50 India – 2006, 2007, 2008 & 2009, 2010). Gartner too has included Paladion in its rating of “MarketScope for Managed Security Services in Asia Pacific” ““ 2008 & 2009 as “ËœPromising’ player and as a “ËœPositive’ player in 2010.

With a global footprint across 15 countries and decade of experience in the IT security domain, Paladion today is actively managing information risk for over 500 customers. It provides security assurance, compliance, governance, monitoring and management services to large and medium sized organizations.

Paladion also offers solutions for communication interception to law enforcement agencies and service providers. Paladion’s security solutions have been awarded by Asian Banker, Red Herrings, and Financial Insights. Paladion is involved in several security research forums and has authored books on security management.

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/8/prweb8712329.htm


Source: prweb



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