Security News Almost 300 Percent Increase in eCommerce Phishing Attacks in Q3 2018

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Content source

https://news.softpedia.com/news/almost-300-percent-increase-in-ecommerce-phishing-attacks-in-q3-2018-523624.shtml

The number of phishing attacks in the online retail sector is on the rise, with scammers increasingly impersonating websites of famous brands and using fake phishing websites to steal data from both retailers and their customers.

After analyzing hundreds of millions of purchases for fraud signs between Q3 2017 and Q3 2018, IntSights Cyber Intelligence' and Riskified's "Retail threat landscape report (October 2018)" joint report concluded that the number of fake retailer websites increased by 297%.

“As eCommerce continues its explosive growth, fraud has followed suit. This makes it very difficult for merchants to distinguish good customers from bad actors,” said Eido Gal, Riskified CEO, in an interview with Enterprise Times.

 

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What the report probably doesn't mention is the fact that numerous studies have shown that 80+ % of all phishing sites are up less than 24 hours - taken down long before the URL is reported and added to a filtering list.

That means that anti-phishing protection using web content filtering adds very little to overall protections - and not much against getting phished if an oblivious user happens to end up on a phishing page.

Here is a single discussion:

84% of Phishing Sites Last for Less Than 24 Hours

But go ahead... filter away by adding 15 layers of web content filtering. Waste your system resources in exchange for no meaningful gain.