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Tuesday, December 28, 2004

New Game Warden Out To Stop Illegal "Phishing"

FishnetAccording to TechNewsWorld, "Phishing" is a new type of internet fraud that aims to "deceive consumers into going to phony Web sites through forged or 'spoofed' spam e-mails. Once there, consumers unwittingly input personal financial information such as credit card numbers and passwords, because they think they are on a legitimate financial Web site."  The "Phishermen" then use the financial information to rip-off the unwary.  The FBI and Secret Service have teamed up with top banks and internet service providers to create Digital Phishnet, which "creates a single, unified line of communication between industry and law enforcement. It enables both groups to gather and distribute the critical data needed to fight phishing in real time."

"'The key to stopping phishers and bringing them to justice is to identify and target them quickly,' said Dan Larkin, unit chief at the FBI's Internet Crime Complaint Center (IC3). Phishers create and dismantle these phony sites very, very fast, stockpiling credit card numbers, pass codes and other personal financial information over the course of just a couple of days, in order to avoid detection.

He said Digital PhishNet is a powerful response to this type of online fraud because it facilitates critical data collection between a large number of the targets of these crimes. This information pipeline will let law enforcement agencies identify phishers before they have time to disappear back into the anonymity of cyberspace.

Participants in Digital PhishNet are actively and aggressively seeking out phishing Web sites and identifying the origins of the spam e-mails designed to deceive consumers into visiting these phony Web sites." 

For the full story, click here.  [Mark Godsey]

http://lawprofessors.typepad.com/crimprof_blog/2004/12/phishing_story.html

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