[caption id="" align="alignleft" width="175" caption="Fighting Phishing"]
[/caption]BankInfo Security summarized the phishing problem for the Financial Industry, and quotes the security firm RSA that states worldwide, phishing attacks increased 37 percent from 2010 to 2011. Last year, RSA estimates, one out of every 300 e-mails included some kind of malicious link or phishing attempt. RSA's online fraud report, The Year in Phishing, notes that while phishing attacks are targeting credit unions and community banks less often, attacks last year on nationwide banks increased 10 percent.
The Core Problem
Why has the financial industry struggled to counter or at least contain phishing attacks? Because it has failed to address the core problem: human manipulation. "It's easy for technical people to understand technical issues," says online security expert Markus Jakobsson, who has studied phishing. "But this is psychology, and technical people are not good at that." Social engineering is the challenge. Addressing human behavior is the struggle. They provide 5 steps to solve the problem and one of them is provide education for executives and customers. And Internet Security Awareness Training is the way to do that!
Here is the link to the full article.
