India fourth most targeted country by phishing attacks

Loss to India Inc at Rs 328 crore for the Q3 of 2013

India has emerged as the fourth most targeted country by phishing attacks, receiving 3% of the total attack volumes, said findings by security firms RSA. 

 

The third quarter 2013 Fraud Report, brands in the US, UK, India and Australia were targeted by almost 50% of phishing attacks. India ranked third with 7% of the total phishing attacks volume worldwide on brands. 

 

Phishing attacks are targeted to acquire information such as usernames, passwords, and credit card details. 

 

All this has meant that India Inc has lost about $52.9 million (about Rs 328 crore) due to phishing attacks. Globally corporations have lost a total of $1.66 billon for the third quarter of 2013.

 

As per the report, RSA identified 46,119 phishing attacks in September globally with a rise in 36 per cent increase as compared to the month of August (33,861).

Phishing attacks in the month of September also mark the highest number of attacks in this quarter while July 2013 saw 45,232 numbers of attacks. Top countries to host these phishing attacks include US (42%), Canada (9%), Germany (5%) and UK (4%).