Symantec has observed a sudden rise in phishing on Indian brands recently. The number of phishing URLs on Indian brands in the first two weeks of August was nearly 2% of all phishing attacks. In the past, the usual average was typically 0.5%. This means that the rise has grown four fold in just two weeks.
The geo-location of each phishing site was examined and it was observed that none were in India. But, it is likely that at least some of the phishers involved are in India since the confidential data stolen can be used for specific Indian needs. For instance, there are several websites dedicated to the purchasing of Indian goods and articles, which accept net banking payments only from a given list of Indian bank accounts. Hence, the attackers may be employing every means of masking their location by creating their website elsewhere and not on Indian servers.
There were five brands targeted that were all in the banking sector for the given time period. Among...
