[pchelpers] News:Facility fraud rises as “smishers” join “phishers”

June 14, 2009

by Gill Montia

Story link: Facility fraud rises as “smishers” join “phishers” 

CIFAS has warned that the recession has sparked an alarming rise in
facility (or account) takeover fraud.

According to the fraud prevention service, incidents of facility fraud
increased an annual 207% in 2008, to 19,275.

This type of fraud occurs when the perpetrator secretly “hijacks and
plunders” a victim’s account, it therefore differs from identity fraud
when a criminal impersonates the victim.

Fraudsters obtain account information in many ways including “phishing”
attacks on victims’ PCs.

In addition, “smishing”, which involves accessing SMS text messages sent
by banks and other financial services providers, is increasingly used to
hijack accounts.

more here:
http://www.bankingtimes.co.uk/14062009-facility-fraud-rises-as-smishers-join-phishers/
-- 
John Durham
Site http://modecideas.com
Server hosted on Ubuntu 4.10
Good advice is like good paint. It only works when applied.



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