Web 2.0 makes phishing spam obsolete

In three years phishing has transformed from an unknown threat into a multi million dollar industry; in the next stage of their evolution, phishers will be able to avoid sending spam and bypass anti phishing tools by hijacking small parts of 'trusted' Web sites.

Why would a criminal gang go to all the trouble of creating copy-cat Web sites and then drive users to them by sending out millions of spam e-mails, when all they really have to do is hack into a 'trusted' Web site and modify its code? ZDNet Australia: Blogs: Securify This!

Linked by shanmuga Wednesday, 13th September 2006 12:45AM