Fighting fraud by baiting phishers

Filed under: — By Aviran Mordo @ 3:27 pm

RSA Security’s Cyota division is helping fight phishing attacks by giving the online fraudsters what they want: a lot of usernames, passwords, online-banking credentials and credit card numbers.

Phishing occurs when cybercriminals set up fraudulent copies of a genuine Web site–usually of a financial institution–and try to lure customers of that organization into visiting the site and entering their login credentials and other personal details.

Unfortunately for the phishers, one of the techniques Cyota is using to help protect its banking customers is to pump such fraudulent Web sites with so many fake entries that the genuine details are harder to find.

The fraudster may have obtained 30 genuine credentials out of 300–we are trying to make it less worthwhile and more risky for the fraudster,” Bennett told ZDNet Australia on Thursday.

Source: News.com


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