Cyveillance Identifies Significant Increase in Phishing Attacks

Cyveillance Identifies Significant Increase in Phishing Attacks - Phishing Attacks Hit Record Highs as Financial Markets Hit Worldwide Lows

, the world leader in cyber intelligence, today announced that over the last 60 days the company has seen a significant increase in the quantities and the timing of phishing attacks. In the first quarter of 2008, Cyveillance typically saw a daily average number of phishing attacks in the low 400 range; yet in the past month that average has increased to over 1,750 with record peaks as high as 13,209 in a single day.

Arlington, Va. (AllPayNews.com) November 17, 2008 -- Cyveillance, the world leader in cyber intelligence, today announced that over the last 60 days the company has seen a significant increase in the quantities and the timing of phishing attacks. In the first quarter of 2008, Cyveillance typically saw a daily average number of phishing attacks in the low 400 range; yet in the past month that average has increased to over 1,750 with record peaks as high as 13,209 in a single day.

According to Cyveillance, during the first half of 2008 the quantities and frequency of the attacks steadily increased averaging 400-500 per day in Q1 with spikes occasionally reaching nearly 1,000 per day. While the summer of 2008 brought an overall slowdown in attacks, there has been a significant increase in attack volumes and frequency of spikes since September. Cyveillance analysts and outside observers attribute the increased volumes to many influences, most notably the worldwide financial crisis and the relentless efforts by phishers to elude detection and take down efforts.

"We are seeing spikes in phishing attacks far higher than we have ever seen in the past, due in part to cyber criminals taking advantage of the recent instability in the financial markets," said Panos Anastassiadis, CEO and Chairman of Cyveillance. "It is important to note that as these attacks continue to grow in volume, the first 24 hours of an attack are the most crucial in minimizing their financial impact. The only way to effectively protect and limit the damage to your brand is by going on the offensive with an intelligence-led approach to security that helps identify and mitigate these attacks as quickly as possible."

For more information on Cyveillance Anti-Phishing services and how companies can dramatically save expenses from fast phishing detection and takedown, please visit: www.cyveillance.com/web/solutions/enterprise/solutions/anti-phishing.asp.

About Cyveillance
Cyveillance, the world leader in cyber intelligence, provides an intelligence-led approach to security. Through continuous, comprehensive Internet monitoring and sophisticated intelligence analysis, Cyveillance proactively identifies and eliminates threats to information, infrastructure, individuals and their interactions, enabling its customers to preserve their reputation, revenues, and customer trust. Cyveillance serves the Global 2000 and OEM Data Partners - protecting the majority of the Fortune 50, regional financial institutions nationwide, and more than 30 million global consumers through its partnerships with security and service providers that include AOL and Microsoft. For more information, visit http://www.cyveillance.com.

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