Sharp rise in phishing attacks on Indian banks
By
IANS
New Delhi: Several Indian banks have come under more than 400 phishing attacks during the past few months with the number rising sharply in Sept-Oct, 2008, according to industry lobby National Association of Software Companies (Nasscom).
Phishing is the criminally fraudulent process of masquerading as a trustworthy entity in an electronic communication in a bid to acquire sensitive information such as usernames, passwords and credit card details.
Criminals using the internet have attacked banks such as state-owned Bank of India, private lender HDFC Bank, India's largest private lender ICICI Bank among others, Nasscom president Som Mittal told reporters on the sidelines of a Nasscom-organised conference on cyber security awareness.
Further, the number of phishing attacks on Indian banks sharply increased during Sept-Oct 2008 with most of the phishing attacks using compromised Indian government servers.
"There is high awareness at the government level and the number of attacks proves that we are at the cusp of a significant increase," Mittal said.
"We have cyber laboratories training police officers, and other people about data protection best practices and standards," Data Security Council of India (DSCI), chief executive officer Kamlesh Bajaj told reporters.
Currently, there are three cyber laboratories in Maharashtra and one in Bangalore with 3-4 people working in each laboratory, Bajaj added.
Apparently, over 80 Indian banks do not have adequate security protection for their online account users. Consequently, fraudsters can easily access the personal information of account holders.
These problems are due to the complexity of cyber crimes, and also non-cooperation from netizens, panellists at the conference said.
The three-day seminar will focus on cyber security, security surveys to assess the state of security in information technology and business process outsourcing companies, creation of a security portal as a one-stop portal for all security related knowledge and e-security forums.
Phishing is the criminally fraudulent process of masquerading as a trustworthy entity in an electronic communication in a bid to acquire sensitive information such as usernames, passwords and credit card details.
Criminals using the internet have attacked banks such as state-owned Bank of India, private lender HDFC Bank, India's largest private lender ICICI Bank among others, Nasscom president Som Mittal told reporters on the sidelines of a Nasscom-organised conference on cyber security awareness.
Further, the number of phishing attacks on Indian banks sharply increased during Sept-Oct 2008 with most of the phishing attacks using compromised Indian government servers.
"There is high awareness at the government level and the number of attacks proves that we are at the cusp of a significant increase," Mittal said.
"We have cyber laboratories training police officers, and other people about data protection best practices and standards," Data Security Council of India (DSCI), chief executive officer Kamlesh Bajaj told reporters.
Currently, there are three cyber laboratories in Maharashtra and one in Bangalore with 3-4 people working in each laboratory, Bajaj added.
Apparently, over 80 Indian banks do not have adequate security protection for their online account users. Consequently, fraudsters can easily access the personal information of account holders.
These problems are due to the complexity of cyber crimes, and also non-cooperation from netizens, panellists at the conference said.
The three-day seminar will focus on cyber security, security surveys to assess the state of security in information technology and business process outsourcing companies, creation of a security portal as a one-stop portal for all security related knowledge and e-security forums.
Reader's comments(7)
1: well,thats good that govt. is taking
action.bit what about those who had already
suffered?
Posted by: ridhi - 02:36 AM Nov 12, ' 08
2: Banks should give more focous on online
security.
Posted by: ranjan - 08:58 PM Nov 11, ' 08
3: Definitely Govt should increase the cyber
laboratories all over india, at first at
major cities. Now people are using netbanking
and one line purchases, information security
is very important. Customers should also be
confidential and safe enough to use
netbanking and other online related issues.
Posted by: Gopi Krishnan - 08:27 PM Nov 11, ' 08
4: I am one of the Victim and had lost 10k last
month because of the Phishing sites. I also
reported to the bank and its under
process.Intruders should be punished to MaX
and should take further steps to overcome
this problem.
Posted by: Mallikarjun - 01:26 AM Nov 11, ' 08
5: Definitely Govt should take some action to
bring a law for the banks, such as should
provide High Online security , and those who
doesn't provide should be Fined.
And also Intruders should be punished to MaX
And also Intruders should be punished to MaX
Posted by: Susi - 09:39 PM Nov 10, ' 08
6: Well, at least something is rising in this
economy.
Posted by: Joker - 09:36 PM Nov 10, ' 08
7: Action, that should be effective, is needed
given the condition of the world economy. It
should not be a police and thief game.
Posted by: Gajan - 07:38 PM Nov 10, ' 08
- India loses six lakh jobs in four months
- 80 Stocks in BSE tremble, due to 'Tech snag'
- Air India backtracks, won't pay salaries on July 3
- India's 'dream budget' is unlikely to materialise
- Australian coroners fake info on Indian deaths
- Banks should alert customers after transaction: RBI
- Venkatramani to head Cognizant's India operations
- NASSCOM urges to restructure education loan
- 58 Million job generation in India expected till 2012
- Industrial recovery underway: Economic Survey
- Nilekani quits Infy, moves to Cabinet
- American tech grads are unemployable: HCL CEO
- India reply to Obama's 'No Bangalore' policy
- India opens the gates of its first sea bridge
- HCL outbids IBM, grabs U.S. firm's deal
- Obama gets tougher; firms look to move out of U.S.
- 'Missile Woman of India' to lead Agni V project
- Five Indian banks among world's top 1000
- Bangalore most difficult city for startups
- U.S. companies move work onshore





