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 Over 75% of all phishing emails target PayPal and eBay users

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Registration date : 2008-03-08

PostSubject: Over 75% of all phishing emails target PayPal and eBay users   Mon 24 Mar - 20:03

Sophos, a world leader in protecting businesses against viruses, spyware and spam, has revealed that over 75% of all phishing emails are targeting users of PayPal or eBay.

Experts at SophosLabs™ scanned all phishing email messages received in the company's global network of spam traps during 2006, and have revealed that 54.3% were attempting to steal information from users of PayPal. The second most common targets, at 20.9%, were users of the eBay online auction service.

Typically phishing emails point recipients to a bogus website which looks like the real PayPal or eBay site, but is designed to steal usernames and passwords. Once hackers have stolen login details they can use the information to commit crimes such as identity fraud, leaving victims with a financial burden.

"The reason why the phishers focus so much on PayPal and eBay is because they are so popular around the world. Although bank customers do also suffer from phishing attacks, they tend to be less likely to have the global reach that these net giants have," said Graham Cluley, senior technology consultant for Sophos. "PayPal and eBay have worked hard to educate and protect their customers from these kind of attacks, but the best solution is for computer users to be more savvy about securing their identity in the first place, and think before they click."
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Over 75% of all phishing emails target PayPal and eBay users
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