The holiday season has seen the prevalence of phishing threats on the internet rise substantially, according to the internet security company Cyveillance.
Small to medium-sized businesses and credit unions have particularly been targeted by cyber criminals, Cyveillance stated. Such outfits may not always have the adequate security in place to detect and repel phishing scams in time.
Panos Anastassiadis, the chief executive of Cyveillance, said: "Cyber criminals continuously look for opportunities to distribute phishing attacks, focusing on situations when consumers are most susceptible. "As seen by the large spike in online attacks over Thanksgiving, online criminals are counting on the hectic holiday season to increase their odds of successfully defrauding consumers and organizations."
A full ninety percent of phishing attacks are targeted at banks and other financial institutions, a recent report from Cyveillance stated. Cyber criminals are starting to use phishing attacks combined with malware, the report also warned.
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