IBM Reports On Spear Phishers

Posted by CmdrTaco on Thursday August 4, 2005 @06:38AM from the something-to-think-about dept.

FrenchyinOntario writes "IBM reports that while "regular" phishing is declining the black hats are now engaging in targeted spear phishing to glean as much information about a specific identity as they can for all the usual cybercrime reasons. It concerns authorities because the usual suspects - criminal and terrorist organizations - will want to take advantage of this, but the chilling part is how your identity will now be dependent on multiple institutions protecting your personal information, as opposed to eBay, PayPal, your bank, etc."

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aw, crud.. by werelord · 2005-08-04 06:43 · Score: 5, Insightful

And this is probably the easiest fishing they'll be able to do.. Until companies are made liable for any damages that occurr when they "lose" their information, this will probably be an extremely easy method of fishing..

Social Engineering, anyone??