Phishing attacks against the users of Bitcoin sites, notably wallet service Blockchain and the exchange site Coinbase rose in Q2/14. Payoneer’s prepaid MasterCard debit cards have also been heavily attacked.
Crimeware-spreading Web sites have nearly tripled in number over the
past year. APWG reports that in the second quarter the number of
crimeware-spreading URLs set a record high of 9529. Within the quarter,
the number of malicious application variants hit a record high of 442 in
May, up some 105% from May 2007. APWG also reports that during the
second quarter the number of unique brand-domain pairs steadily
decreased during the period of April through June, from 7,656 to 6,768.
(The brand/domain pairs count the unique instances of a domain being
used to target a specific brand.) Other second quarter findings: Unique
phishing attack reports submitted to APWG rose 13%; unique phishing Web
sites reported to APWG decreased more than 11% from the prior quarter,
and May presented a record high of 294 hijacked brands and the quarter’s
485 victimized brands was also a record high. The Anti-Phishing Working
Group has more than 3,200 members.
Cyveillance announced that Thanksgiving saw a 300% increase in phishing threats compared to the average number of phishing attacks seen in the previous week. This one day spike is a tactic used by criminals around long holiday weekends, often targeting smaller businesses and credit unions, which may not have around-the-clock security teams to respond to threats that occur during extended weekends. In Cyveillance’s recent fraud report, the company identified that phishers continue to heavily focus on the financial services sector, targeting banks and credit unions in nine out of 10 attacks. During the three months ending September 2007, phishing attacks against companies targeted for the first time increased 20%, led by newer blended phishing attacks that combine malware with traditional phishing techniques. Cyveillance is a provider of cyber intelligence.
Cyveillance has announced its latest “Online Financial Fraud and Identity Theft Report,” indicating U.S.web users are most vulnerable to attacks. The report indicates that U.S.-based Web surfers are more at risk to malware attacks and online identity theft schemes than citizens from other countries, with more than 63 percent of malware distributed on U.S.-based Web sites. In addition more than 2 million URLs world-wide distributed malicious downloads to site visitors. Cyveillance also determined that despite the rate of traditional phishing attacks leveling off, there was a 20% increase in the aggregate quantity of brands targeted, indicating that phishers continue to change targets. Since 2005 over 1,400 companies have been attacked. Cyveillance found that of the 284 brands targeted by phishing attacks for the first time during the second calendar quarter of 2007, more than 80 percent were U.S.-based financial institutions. These figures draw a distinct parallel to the total number of compromised credit cards found online, of which more than 80 percent were supplied by US issuers. Cyveillance is a provider of cyber intelligence.
OR-based Corillian reported that revenues for the first quarter were $16.5 million, compared to $14.3 million for the first quarter of 2006. Net loss for the first quarter of 2007 was $1.1 million, compared to net loss of $971,000 for the first quarter of 2006. On February 13th, Corillian entered into a merger agreement pursuant to which CheckFree will acquire all of the outstanding shares of Corillian’s common stock for $5.15 per share in cash. Corillian’s shareholders approved the merger on April 30th. Corillian serves over 35 million online banking end users. For complete details on Corillian’s first quarter performance visit CardData ([www.carddata.com]).
Actimize and Corillian have agreed to integrate the Actimize “Cross Channel Electronic Banking and Payment Fraud Prevention” solution with Corillian “Voyager and Intelligent Authentication” solutions. The combined offering provides comprehensive risk-based authentication and cross-channel transaction fraud monitoring for all online banking activity. Three top banking institutions have already adopted this integrated offering. The solutions provide proactive login and cross-channel transaction monitoring including ACH, wire transfer, bill payment and internal transfers. Actimize is a provider of enterprise software solutions for anti-money laundering, broker/dealer compliance, and fraud prevention. Corillian is the market leader of online banking, payment and security solutions to the financial services industry.
Atlanta-based CheckFree has inked a definitive agreement to purchase Corillian for $245 million. The Portland, OR-based provider of Internet banking software and services posted revenues for 2006 of $61 million, an 24% increase over the prior year. However, the company reported a net loss for 2006 of $1.1 million, compared to net income of $2.7 million in 2005. The purchase price represents a 49% percent premium over Corillian’s Tuesday closing stock price. Corillian recently projected first quarter revenues to be in the range of $14.5 to $16.0 million. CheckFree says the combination will allow for tighter integration of electronic banking, billing, payment and service support functionality plus provide greater flexibility in technology approaches for financial institution efficiency. Corillian supports more than 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions. CheckFree processes more than one billion transactions annually and distributes more than 18 million e-bills per month through more than 2,000 financial services sites.
4Q/05: $15.6 million
1Q/06: $14.3 million
2Q/06: $14.6 million
3Q/06: $15.6 million
4Q/06: $16.5 million
Source: CardData (www.carddata.com)