Italian police fry Phish & Chip gang

Powered by SC Magazine
 

A 26-strong European phishing gang has been broken up following the arrest of its members.

Italian police last week apprehended 18 Italians and eight East Europeans in an operation dubbed 'Phish & Chip' by the Italian press.

The gang is reported to have sent emails directing users to forged Poste Italiane websites designed to steal log-in information. Poste Italiane is a government-owned postal service which also offers financial services.

More than 10,000 web pages based in Italy had been attacked by the hackers in July alone to harvest account details for identity theft.

Yuval Ben-Itzhak, chief technology officer at security firm Finjan, said that the arrests represent a major milestone in stamping out the problem of organised crime on the internet.

"Phishing is a very pervasive problem, as many of the emails and websites do look quite genuine," he said.

"Companies and consumers should consider installing website security analysis software to counter this type of internet fraud."

Copyright ©v3.co.uk


Italian police fry Phish & Chip gang
 
 
 
Top Stories
Westpac interim CIO resigns
Group CIO yet to be appointed.
 
Five emerging technologies that will transform financial services
[Blog post] Far out ideas that aren't far off.
 
Earning the right to innovate
Breaking down the barriers to innovation is a long, but rewarding process, says Bank of Queensland Group CIO, Julie Bale.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  29%
 
Application integration concerns
  3%
 
Security and compliance concerns
  27%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  22%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 957

Vote