New Study Reveals Extent of Losses Due to Phishing Attacks

phishingTrusteer, a security solutions vendor, recently released the results of their study which shows how successful phishing attacks are, how many users respond to phishing attacks, and how many users submit their login information to criminal websites. The results are alarming. Among them:

  • Each phishing attack involves a very small percentage of customers (0.000564%), but due to the large number of phishing attacks, the aggregated number is significant
  • 45% of bank customers redirected to a phishing site divulge their personal credentials
  • 0.47% of bank customers fall victim to phishing attacks each year, translating to $2.4M-$9.4M in annual fraud losses per one million clients
  • Each financial institution was targeted, on average, by 16 phishing websites per week, translating to 832 phishing attacks per year per bank brand

Despite efforts by browser developers and security vendors to protect users from phishing attacks, a small number apparently are still able to bypass anti-spam/phishing protection – and when they do, the results can be damaging.

Let us help you protect yourself from phishing attacks. To find out more contact us today.

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Published with permission from TechAdvisory.org. Source.

Web Application Security a Growing Threat for Businesses

security A new report by security vendor Cenzic shares research indicating that security flaws found in Web applications continue to grow and should be a major concern for many businesses, including SMEs, as more and more depend on the Web for their business. According to the report, almost 80 percent of more than 3,000 software security flaws publicly reported this year have been in web technologies such as web servers, applications, plug-ins, and web browsers.

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Piracy Brings Malware According to Microsoft

malware Quoting research from various industry analysts, Microsoft warned that users who install unlicensed or counterfeit software on their PCs are 73% more likely to suffer data loss or damage than users of legitimate software. The company also cited a 2006 IDC study that found that 25% of counterfeit software attempted to install unwanted or malicious code when downloaded.

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Team Member Spotlight: Usha Bajpai, Technical Engagement Manager

WorkSmart strives to be the premier provider in Information Technology services. With colleagues like Usha, this initiative is possible.

“Usha’s technical background adds an essential expertise to our client engagement team; her work ethic and dedication to clients enhances our entire company!” Clay Harris, WorkSmart CEO

Usha began her career at WorkSmart in February of 2003 as a Senior Consultant. In June 2006 she joined the team at Cisco Systems, but she never left the WorkSmart Family. Usha became a member of the WorkSmart Client Engagement Team as Technical Engagement Manager in August of 2009. Her coworkers describe her as extremely professional and very light-hearted, breathing fresh air into a very technical position. You can always find Usha when she’s in the office, simply follow the trail of Green Tea bags!

In order for you to get to know her better, we asked her a few questions. Here are her answers:

Hometown: Mumbai, India

Favorite Popsicle Flavor: Cherry

Favorite Beverage: Indian Ginger Tea

If you could change your name, what would it be to? Would leave it the same- too used to being called that.

Favorite Subject From High School: Believe it or not- MATH

If you could be on a TV show, what would it be? Here’s Lucy

Favorite TV Series: Friends

Favorite Band/Music Artist: ABBA

If you have to choose a movie title for your life story, what would it be? Happy Go Lucky

Favorite Hobby: Hanging out with Friends and Family

If you could be any animal, what would you be? Polar Bear- go into hibernation whenever possible!!

Do you have or wish you had a catch phrase? What would it be: “Opinions are like asses, everybody’s got one!”

Favorite day of the week and why: Saturday!! Knowing I have one more day-Sunday to goof around!!

Do you play any musical instruments? No

Can you sing? I try, but no audience stays around to listen

What do you wish you were doing right now? On the Beach in Hawaii- sipping Pina Colada

One place you could travel right now (doesn’t need to be realistic): Egypt

At the beach, would you rather play in the sand, or play in the water? Water Of Course..

Words of Wisdom: ‘As a rule, man is a fool. When it is hot, he wants it cool. When it is cool, he wants it hot. Always wanting what it’s not.’


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