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
Change is the only constant at iiNet
iiNet's Matthew Toohey is trialling IBM's Watson - between preparing for an acquisition and making sure Netflix doesn't swamp the network.
 
Why straight-through processing is the holy grail for banks
Big benefits from stripping away human intervention and digitising processes.
 
CBA sued over frozen millions in IT bribery scandal
Eric Pulier's not-for profit lodges lawsuit in US.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Should Optus make a bid for iiNet?

   |   View results
Yes
  44%
 
No
  56%
TOTAL VOTES: 669

Vote