Phishing on the Rise

Brian Krebs of The Washington Post reports an alarming rise in phishing, "the use of official-looking e-mails and Web pages to trick people into divulging financial information."

Apparently, the number of incidents quadrupled from August to November of last year.

This new online fraud has very low start-up costs and high returns. At least for now, "a continued increase in phishing activity is all but certain," reports Krebs.

The advance in phishing has gotten to a point where one can find "software that help users automate the design and deployment of their scams." A great deal of ill-gotten information seems to be moving through "carder" IRC channels.

Honeynet Project, a volunteer security research organization that studies new trends in Internet crime, provides valuable resource for further study and engagement.

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