Phisher Use Olympic Lottery Scams For Summer Games

Fishing, of course, is the sport of tossing a baited hook into the water and then patiently waiting for a fish to bite.

Phishing is similar. The cybercrook sends out spam email and waits for a victim to take the bait. A phisher can send thousands of phishing emails a day, and eventually some people will get hooked.

Phishing is a multi-billion dollar business. Unlike the ongoing depletion of the ocean’s fisheries, there are still plenty of people out there to phish. Today, many victims in developing nations like India and China have only recently gotten broad­band Internet access, and are considered fresh meat by the bad guys.

Phishers follow a similar editorial calendar as newspaper and magazine editors, coordinating their attacks around holidays and the change in seasons. They capitalize on significant events and natural disasters, such as Hurricane Katrina, the Japanese Tsunami and the swine flu. On their…

Read the full article at mcafee.com



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