Phishers Start Targeting Regional Credit Unions

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Jack

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Jan 24, 2011
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Security researchers warn that phishers are becoming more focused in their attacks and have begun targeting regional credit unions.

Traditionally phishers have targeted large financial institutions or services in an attempt to reach the highest possible number of potential victims.

This is because the success rate of phishing attacks is generally low. Therefore, logic dictates that less from more is better than less from less.

However, when human behavior is factored in things aren't necessarily as straight forward. That's because people tend to be less suspicious of emails received from relatively obscure institutions than of those originating from commonly targeted organizations.

It would appear that phishers are slowly catching on researchers from messaging security vendor AppRiver exemplify with a recent campaign that targets members of the Grow Financial Credit Union, a Tampa Bay area credit union.

The rogue emails purported to come from the financial institution pose as security alerts warning recipients that their accounts have possibly been compromised.

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