India Inc has lost $27.8mn in H1 2011 alone in phishing
attacks, according to RSA, the Security Division of EMC. A majority of these
were targeted phishing attacks aimed at leveraging known brands in fake emails
to attempt to fool email recipients.
RSA has ranked India as the third most targeted country
for phishing attacks after the U.S. and U.K. RSA estimates that the U.S., U.K.
and India made up approximately 51 percent of the attacks with approximate
losses pegged at $268.9mn and worldwide losses from phishing attacks alone
amounted to over $520 million during H1 2011.
estimated that worldwide losses incurred from phishing attacks during the
12-month period of the second half 2010 through the first half 2011 reached
nearly $1 billion with more than one-third of those losses coming from
organizations located in the U.S. and U.K.
According to November 2011 data compiled by the
Anti-Phishing Working Group, the number of worldwide phishing attacks in the
first half of 2011 (115,472) is up more than double over the same period last
year (48,244) and nearly matches the full-year phishing attack totals for
RSA Fraud Action service curbed its 500,000th online
attack and, to date, has helped its customers prevent an estimated US$7.5
billion in potential fraud losses.
Recently top IT security firm Symantec
said that Saudi Arabia and the UAE are the most vulnerable among Middle East
countries for phishing and virus attacks, Arab News reported.