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Sharp rise in phishing attacks on Indian banks
By   IANS
Tuesday,11 November 2008, 20:28 hrs
 
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.

     
   
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Reader's comments (7)
1: well,thats good that govt. is taking action.bit what about those who had already suffered?
Posted by: ridhi - 12 Nov, 2008
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2: Banks should give more focous on online security.
Posted by: ranjan - 11 Nov, 2008
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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 - 11 Nov, 2008
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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 - 11 Nov, 2008
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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
Posted by: Susi - 10 Nov, 2008
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6: Well, at least something is rising in this economy.
Posted by: Joker - 10 Nov, 2008
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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 - 10 Nov, 2008
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